NYSE:DO - Diamond Offshore Drilling Stock Price, News, & Analysis

Diamond Offshore Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "DO."

Diamond Offshore Drilling Inc (NYSE:DO) posted its earnings results on Monday, February, 11th. The offshore drilling services provider reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.40) by $0.02. The offshore drilling services provider earned $232.50 million during the quarter, compared to analyst estimates of $249.89 million. Diamond Offshore Drilling had a negative net margin of 16.64% and a negative return on equity of 4.32%. The firm's revenue was down 32.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) earnings per share. View Diamond Offshore Drilling's Earnings History.

Diamond Offshore Drilling is scheduled to release their next quarterly earnings announcement on Monday, April 29th 2019. View Earnings Estimates for Diamond Offshore Drilling.

20 equities research analysts have issued 1-year price targets for Diamond Offshore Drilling's stock. Their predictions range from $8.00 to $23.00. On average, they expect Diamond Offshore Drilling's share price to reach $15.1229 in the next year. This suggests a possible upside of 34.8% from the stock's current price. View Analyst Price Targets for Diamond Offshore Drilling.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 8 sell ratings, 5 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Diamond Offshore Drilling.

Headlines about DO stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Diamond Offshore Drilling earned a news impact score of 1.1 on InfoTrie's scale. They also gave news headlines about the offshore drilling services provider a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days.

Diamond Offshore Drilling saw a decline in short interest during the month of February. As of February 28th, there was short interest totalling 20,549,040 shares, a decline of 12.2% from the February 15th total of 23,395,351 shares. Based on an average trading volume of 2,382,358 shares, the days-to-cover ratio is presently 8.6 days. Approximately 15.0% of the shares of the stock are sold short. View Diamond Offshore Drilling's Current Options Chain.

Some companies that are related to Diamond Offshore Drilling include EQGP (EQGP), Helmerich & Payne (HP), EnLink Midstream (ENLC), YPF (YPF), Parsley Energy (PE), Gazprom PAO (EDR) (OGZPY), First Solar (FSLR), Transocean (RIG), Buckeye Partners (BPL), EQM Midstream Partners (EQM), Saipem (SAPMF), WPX Energy (WPX), Murphy Oil (MUR), EQT (EQT) and Eclipse Resources (ECR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Diamond Offshore Drilling investors own include Transocean (RIG), Rite Aid (RAD), Bank of America (BAC), Freeport-McMoRan (FCX), Ensco (ESV), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Seadrill (SDRL) and Ford Motor (F).

Diamond Offshore Drilling's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.28%), FMR LLC (5.43%), Contrarius Investment Management Ltd (3.08%), Dimensional Fund Advisors LP (2.91%), Dimensional Fund Advisors LP (2.91%) and Manning & Napier Group LLC (1.73%). Company insiders that own Diamond Offshore Drilling stock include Charles Fabrikant, David L Roland, Marc Gerard Rex Edwards, Paul G Gaffney and Scott Lee Kornblau. View Institutional Ownership Trends for Diamond Offshore Drilling.

DO stock was sold by a variety of institutional investors in the last quarter, including Prudential PLC, Contrarius Investment Management Ltd, Robeco Institutional Asset Management B.V., Manning & Napier Group LLC, O Shaughnessy Asset Management LLC, Royce & Associates LP, Bank of New York Mellon Corp and Northern Trust Corp. Company insiders that have sold Diamond Offshore Drilling company stock in the last year include David L Roland, Marc Gerard Rex Edwards and Scott Lee Kornblau. View Insider Buying and Selling for Diamond Offshore Drilling.

DO stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Dimensional Fund Advisors LP, Dimensional Fund Advisors LP, FOURPOINTS Investment Managers S.A.S., Van ECK Associates Corp, Prudential Financial Inc., FMR LLC and Canada Pension Plan Investment Board. View Insider Buying and Selling for 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.

One share of DO stock can currently be purchased for approximately $11.22.

Diamond Offshore Drilling has a market capitalization of $1.54 billion and generates $1.08 billion in revenue each year. The offshore drilling services provider earns $-180,270,000.00 in net income (profit) each year or ($1.17) on an earnings per share basis. Diamond Offshore Drilling employs 2,300 workers across the globe.

The official website for Diamond Offshore Drilling is http://www.diamondoffshore.com.

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]