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
Stock Exchange NYSE
Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling
SectorOils/Energy
SymbolNYSE:DO
CUSIP25271C10
Phone281-492-5300
Debt
Debt-to-Equity Ratio0.52
Current Ratio4.51
Quick Ratio4.51
Price-To-Earnings
Trailing P/E Ratio22.49
Forward P/E Ratio-26.72
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.49 billion
Price / Sales1.71
Cash Flow$3.3588 per share
Price / Cash5.49
Book Value$27.50 per share
Price / Book0.67
Profitability
EPS (Most Recent Fiscal Year)$0.82
Net Income$18.34 million
Net Margins1.00%
Return on Equity1.78%
Return on Assets1.09%
Miscellaneous
Employees2,400
Outstanding Shares137,430,000
Market Cap$2,534.17
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 Inc (NYSE:DO) announced its earnings results on Monday, April, 30th. The offshore drilling services provider reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.03. The offshore drilling services provider earned $295.50 million during the quarter, compared to the consensus estimate of $295.89 million. Diamond Offshore Drilling had a net margin of 1.00% and a return on equity of 1.78%. The firm's revenue for the quarter was down 21.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS. 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 equities research analysts have issued 12 month price targets for Diamond Offshore Drilling's stock. Their predictions range from $9.00 to $19.00. On average, they anticipate Diamond Offshore Drilling's stock price to reach $13.9231 in the next twelve months. This suggests that the stock has a possible downside of 24.5%. View Analyst Ratings for Diamond Offshore Drilling.
What is the consensus analysts' recommendation for Diamond Offshore Drilling?
19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 11 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Sell."
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 Energy (PTEN), Ensco (ESV), Ocean Rig UDW (ORIG), Nabors Industries (NBR), Rowan Companies (RDC), Noble (NE), Precision Drilling (PDS), Baytex Energy (BTE), Oasis Midstream Partners (OMP), Pioneer Energy Services (PES), Key Energy Services (KEG), Seadrill Partners (SDLP) and Independence Contract Drilling (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)
- Mr. Scott Lee Kornblau, VP, Acting CFO & Treasurer (Age 47)
- Mr. Thomas M. Roth, Sr. VP of Worldwide Operations (Age 62)
- Mr. David Lynn Roland, Sr. VP, Gen. Counsel & Sec. (Age 56)
- Mr. Ronald Woll, Sr. VP & Chief Commercial Officer (Age 50)
Has Diamond Offshore Drilling been receiving favorable news coverage?
News stories about DO stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Diamond Offshore Drilling earned a news sentiment score of 0.20 on Accern's scale. They also assigned news stories about the offshore drilling services provider an impact score of 46.05 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.
Who are Diamond Offshore Drilling's major shareholders?
Diamond Offshore Drilling's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include LOEWS CORP (53.20%), Manning & Napier Group LLC (2.25%), Pastel & Associes SA (0.52%), Dorsey Wright & Associates (0.12%), James Investment Research Inc. (0.06%) and Hartford Investment Management Co. (0.02%). Company insiders that own Diamond Offshore Drilling stock include Charles Fabrikant, Marc Gerard Rex Edwards and Paul G Gaffney. View Institutional Ownership Trends for Diamond Offshore Drilling.
Which institutional investors are selling Diamond Offshore Drilling stock?
DO stock was sold by a variety of institutional investors in the last quarter, including Pastel & Associes SA, James Investment Research Inc., Manning & Napier Group LLC and Municipal Employees Retirement System of Michigan. Company insiders that have sold Diamond Offshore Drilling company stock in the last year include Charles Fabrikant and Marc Gerard Rex Edwards. View Insider Buying and Selling for Diamond Offshore Drilling.
Which institutional investors are buying Diamond Offshore Drilling stock?
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 $18.44.
How big of a company is Diamond Offshore Drilling?
Diamond Offshore Drilling has a market capitalization of $2.53 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 (NYSE 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.
