About Diamond Offshore Drilling (NYSE:DO)
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is a subsidiary of Loews Corporation.
Industry, Sector and Symbol
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:DO
CUSIP25271C10
Phone281-492-5300
Debt
Debt-to-Equity Ratio0.52%
Current Ratio3.97%
Quick Ratio3.97%
Price-To-Earnings
Trailing P/E Ratio23.51
Forward P/E Ratio-68.86
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.49 billion
Price / Sales1.78
Cash Flow$3.3706 per share
Price / Cash5.72
Book Value$27.50 per share
Price / Book0.70
Profitability
EPS (Most Recent Fiscal Year)$0.82
Net Income$18.34 million
Net Margins1.23%
Return on Equity2.96%
Return on Assets1.80%
Miscellaneous
Employees2,400
Outstanding Shares137,230,000
Diamond Offshore Drilling (NYSE:DO) Frequently Asked Questions
What is Diamond Offshore Drilling's stock symbol?
Diamond Offshore Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "DO."
How were Diamond Offshore Drilling's earnings last quarter?
Diamond Offshore Drilling (NYSE:DO) posted its quarterly earnings results on Monday, February, 12th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating the Zacks' consensus estimate of ($0.06) by $0.01. The offshore drilling services provider had revenue of $346.20 million for the quarter, compared to analysts' expectations of $331.98 million. Diamond Offshore Drilling had a return on equity of 2.96% and a net margin of 1.23%. Diamond Offshore Drilling's quarterly revenue was down 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. View Diamond Offshore Drilling's Earnings History.
When is Diamond Offshore Drilling's next earnings date?
What price target have analysts set for DO?
19 Wall Street analysts have issued 12-month price targets for Diamond Offshore Drilling's stock. Their forecasts range from $9.00 to $19.00. On average, they anticipate Diamond Offshore Drilling's share price to reach $13.5714 in the next twelve months. View Analyst Ratings for Diamond Offshore Drilling.
What are Wall Street analysts saying about Diamond Offshore Drilling stock?
Here are some recent quotes from research analysts about Diamond Offshore Drilling stock:
- 1. According to Zacks Investment Research, "Diamond Offshore is a leading offshore contract driller with services across the world. Most importantly, operational efficiency of the company’s fleet was 98.8% in the fourth quarter, compared to 94.3% in the third quarter of 2017. This was mainly due to high level of efficiency in ultra deepwater segment. Its shares outperformed the industry in the last six months. The excellent financial health of the company is also noteworthy. However the introduction of new and more stringent regulations following the Gulf of Mexico oil spill has made many projects less profitable. Moreover, the company reported fourth-quarter 2017 adjusted loss of 5 cents per share compared to the Zacks Consensus Estimate of a breakeven. The company reported earnings of 85 cents per share in the year-earlier quarter. The result was affected due to lower dayrates and rig utilization from deepwater floaters, mid-water floaters and jackups." (2/14/2018)
- 2. FBR & Co analysts commented, "This morning, October 30, 2017, DO reported 3Q17 earnings and released its latest fleet status report. GAAP EPS came in at $0.08. Excluding an after-tax loss of $0.17/ share related to debt refinancing, the company’s recurring EPS was $0.25, beating the Street’s estimate of $0.19. DO’s revenue for the quarter of $366.0 million was led by beats in Ultra-Deepwater Floaters ($275.9 million vs. $267.2 million) and Deepwater Floaters ($35.6 million vs. $34.1 million). Turning to the FSR, DO announced additional terms for the Ocean Apex in Australia and for the Ocean Patriot in the North Sea." (10/30/2017)
Who are some of Diamond Offshore Drilling's key competitors?
Some companies that are related to Diamond Offshore Drilling include Helmerich & Payne (HP), Transocean (RIG), Patterson-UTI (PTEN), Ensco (ESV), Nabors Industries (NBR), Ocean Rig (ORIG), Rowan Companies (RDC), Noble (NE), Baytex Energy (BTE), Precision Drilling (PDS), Oasis Midstream Partners (OMP), Key Energy Services (KEG), Pioneer Energy Services (PES), Seadrill Partners (SDLP) and Independence Contract (ICD).
Who are Diamond Offshore Drilling's key executives?
Diamond Offshore Drilling's management team includes the folowing people:
- Mr. Marc Gerard Rex Edwards, Pres, CEO & Director (Age 57)
- Ms. Beth G. Gordon, VP, Controller & Principal Accounting Officer (Age 62)
- Mr. David Lynn Roland, Sr. VP, Gen. Counsel & Sec. (Age 56)
- Mr. Lyndol L. Dew, Sr. VP of Special Projects & Strategic Initiatives (Age 63)
- Mr. Ronald Woll, Sr. VP & Chief Commercial Officer (Age 50)
Has Diamond Offshore Drilling been receiving favorable news coverage?
Media headlines about DO stock have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a coverage optimism score of 0.10 on Accern's scale. They also assigned media stories about the offshore drilling services provider an impact score of 46.64 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near future.
How do I buy shares of Diamond Offshore Drilling?
Shares of DO can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Diamond Offshore Drilling's stock price today?
One share of DO stock can currently be purchased for approximately $19.28.
How big of a company is Diamond Offshore Drilling?
Diamond Offshore Drilling has a market capitalization of $2.63 billion and generates $1.49 billion in revenue each year. The offshore drilling services provider earns $18.34 million in net income (profit) each year or $0.82 on an earnings per share basis. Diamond Offshore Drilling employs 2,400 workers across the globe.
How can I contact Diamond Offshore Drilling?
Diamond Offshore Drilling's mailing address is 15415 KATY FREEWAY, HOUSTON TX, 77094. The offshore drilling services provider can be reached via phone at 281-492-5300 or via email at [email protected]
MarketBeat Community Rating for Diamond Offshore Drilling (DO)
MarketBeat's community ratings are surveys of what our community members think about Diamond Offshore Drilling and other stocks. Vote "Outperform" if you believe DO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe DO will underperform the S&P 500 over the long term. You may vote once every thirty days.
Diamond Offshore Drilling (NYSE:DO) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
19 Wall Street analysts have issued ratings and price targets for Diamond Offshore Drilling in the last 12 months. Their average twelve-month price target is $13.5714, suggesting that the stock has a possible downside of 29.61%. The high price target for DO is $19.00 and the low price target for DO is $9.00. There are currently 11 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Sell."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Sell | Hold | Hold | Hold |
| Consensus Rating Score: | 1.47 | 1.50 | 1.65 | 1.83 |
| Ratings Breakdown: | 11 Sell Rating(s)
7 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 11 Sell Rating(s)
8 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 10 Sell Rating(s)
11 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 8 Sell Rating(s)
12 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $13.5714 | $13.6563 | $14.7406 | $14.4165 |
| Price Target Upside: | 29.61% downside | 7.79% downside | 26.00% downside | 3.76% downside |
Diamond Offshore Drilling (NYSE:DO) Consensus Price Target History
Diamond Offshore Drilling (NYSE:DO) Analyst Ratings History
Show:
(Data available from 4/26/2016 forward)
Diamond Offshore Drilling (NYSE:DO) Dividend Information
Diamond Offshore Drilling pays an annual dividend of $0.00 per share, with a dividend yield of 0.00%. DO's most recent quarterly dividend payment was Tuesday, December 1. Diamond Offshore Drilling pays out 0.00% of its earnings out as a dividend.
| Most Recent Dividend: | 12/1/2015 |
| Dividend Yield: | 0.00% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
|
Diamond Offshore Drilling (NYSE:DO) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 11/2/2015 | quarterly | $0.1250 | 2.13% | 11/10/2015 | 11/13/2015 | 12/1/2015 |
| 8/3/2015 | quarterly | $0.1250 | 2.36% | 8/12/2015 | 8/14/2015 | 9/1/2015 |
| 5/4/2015 | quarterly | $0.1250 | | 5/13/2015 | 5/15/2015 | 6/1/2015 |
| 2/9/2015 | quarterly | $0.1250 | | 2/18/2015 | 2/20/2015 | 3/2/2015 |
| 10/23/2014 | special | $0.75 | | 11/3/2014 | 11/5/2014 | 12/1/2014 |
| 7/24/2014 | special | $0.75 | | 8/4/2014 | 8/6/2014 | 9/2/2014 |
| 4/24/2014 | special | $0.75 | | 5/5/2014 | 5/7/2014 | 6/2/2014 |
| 2/6/2014 | quarterly | $0.1250 | 1.06% | 2/14/2014 | 2/19/2014 | 3/3/2014 |
| 2/6/2014 | special | $0.75 | 1.06% | 2/14/2014 | 2/19/2014 | 3/3/2014 |
| 10/24/2013 | quarterly | $0.1250 | 0.82% | 11/1/2013 | 11/5/2013 | 12/2/2013 |
| 10/24/2013 | special | $0.75 | 0.82% | 11/1/2013 | 11/5/2013 | 12/2/2013 |
| 7/25/2013 | quarterly | $0.1250 | 0.72% | 8/2/2013 | 8/6/2013 | 9/3/2013 |
| 7/25/2013 | special | $0.75 | 0.72% | 8/2/2013 | 8/6/2013 | 9/3/2013 |
| 4/26/2013 | quarterly | $0.1250 | 0.73% | 5/3/2013 | 5/7/2013 | 6/3/2013 |
| 4/25/2013 | special | $0.75 | 0.73% | 5/3/2013 | 5/7/2013 | 6/3/2013 |
| 2/6/2013 | quarterly | $0.1250 | 0.68% | 2/14/2013 | 2/19/2013 | 3/1/2013 |
| 2/5/2013 | special | $0.75 | 0.68% | 2/14/2013 | 2/19/2013 | 3/1/2013 |
(Data available from 1/1/2013 forward)
Diamond Offshore Drilling (NYSE DO) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.03%
Diamond Offshore Drilling (NYSE DO) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/28/2017 | Charles Fabrikant | Director | Sell | 1,500 | $18.55 | $27,825.00 | |  |
| 12/28/2017 | Charles Fabrikant | Director | Sell | 1,500 | $18.55 | $27,825.00 | 1,000 | |
| 5/22/2017 | Paul G Gaffney | Director | Buy | 4,000 | $13.67 | $54,680.00 | | |
| 6/30/2015 | Edward Grebow | Director | Buy | 1,000 | $25.75 | $25,750.00 | | |
| 3/18/2015 | Corp Loews | Major Shareholder | Buy | 218,781 | $26.61 | $5,821,762.41 | | |
| 3/13/2015 | Corp Loews | Major Shareholder | Buy | 685,373 | $26.58 | $18,217,214.34 | | |
| 12/8/2014 | Corp Loews | Major Shareholder | Buy | 289,205 | $29.70 | $8,589,388.50 | | |
| 12/8/2014 | Paul G Gaffney | Director | Buy | 1,000 | $29.44 | $29,440.00 | | |
| 12/2/2014 | Corp Loews | Major Shareholder | Buy | 410,395 | $29.43 | $12,077,924.85 | | |
| 11/6/2014 | Corp Loews | Major Shareholder | Buy | 1,180,000 | $34.31 | $40,485,800.00 | | |
| 9/15/2014 | James S Tisch | Director | Sell | 1,875 | $39.70 | $74,437.50 | | |
| 6/19/2014 | Raymond S Troubh | Director | Sell | 1,000 | $49.41 | $49,410.00 | | |
| 6/16/2014 | James S Tisch | Director | Sell | 1,875 | $49.38 | $92,587.50 | | |
| 5/16/2014 | William Long | VP | Sell | 1,252 | $49.68 | $62,199.36 | | |
| 5/8/2014 | James Tisch | Director | Sell | 1,875 | $52.52 | $98,475.00 | | |
| 3/11/2014 | Paul Gaffney | Director | Buy | 2,000 | $48.00 | $96,000.00 | 4,000 | |
| 2/14/2014 | Edward Grebow | Director | Buy | 3,000 | $46.52 | $139,560.00 | 3,000 | |
| 12/13/2013 | Paul Gaffney | Director | Buy | 1,000 | $56.18 | $56,180.00 | 2,000 | |
(Data available from 1/1/2013 forward)
Diamond Offshore Drilling (NYSE DO) News Headlines
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Diamond Offshore Drilling (NYSE:DO) SEC Filings
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Diamond Offshore Drilling (NYSE:DO) Income Statement, Balance Sheet and Cash Flow Statement
Diamond Offshore Drilling (NYSE DO) Stock Chart for Thursday, April, 26, 2018
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