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

Diamond Offshore Drilling's stock was trading at $1.40 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, DO shares have increased by 14.6% and is now trading at $1.6050. View which stocks have been mosted impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 5 sell ratings, 14 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Diamond Offshore Drilling.

Diamond Offshore Drilling is scheduled to release its next quarterly earnings announcement on Monday, May 4th 2020. View our earnings forecast for Diamond Offshore Drilling.

Diamond Offshore Drilling Inc (NYSE:DO) announced its earnings results on Monday, February, 10th. The offshore drilling services provider reported ($0.45) EPS for the quarter, beating analysts' consensus estimates of ($0.66) by $0.21. The offshore drilling services provider earned $276.40 million during the quarter, compared to analyst estimates of $249.25 million. Diamond Offshore Drilling had a negative return on equity of 10.86% and a negative net margin of 36.43%. The business's revenue was up 18.9% on a year-over-year basis. During the same period last year, the company posted ($0.42) EPS. View Diamond Offshore Drilling's earnings history.

20 brokerages have issued 1-year target prices for Diamond Offshore Drilling's stock. Their forecasts range from $0.90 to $11.00. On average, they anticipate Diamond Offshore Drilling's stock price to reach $5.27 in the next twelve months. This suggests a possible upside of 228.6% from the stock's current price. View analysts' price targets for Diamond Offshore Drilling.

News coverage about DO stock has been trending very negative this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Diamond Offshore Drilling earned a coverage optimism score of -3.3 on InfoTrie's scale. They also gave media coverage about the offshore drilling services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutDiamond Offshore Drilling.

Diamond Offshore Drilling saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 31,177,100 shares, a decrease of 9.1% from the February 27th total of 34,280,000 shares. Based on an average daily trading volume, of 3,610,000 shares, the days-to-cover ratio is currently 8.6 days. Approximately 22.7% of the company's stock are short sold. View Diamond Offshore Drilling's Current Options Chain.

Some companies that are related to Diamond Offshore Drilling include Helmerich & Payne (HP), Patterson-UTI Energy (PTEN), PARKER DRILLING/SH PAR $ (PKD), Nabors Industries (NBR), Unit (UNT), Pioneer Energy Services (PESXQ) and Vantage Drilling (VTGDF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Diamond Offshore Drilling investors own include Transocean (RIG), Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), Cabot Oil & Gas (COG), Synergy Pharmaceuticals (SGYP), AMC Entertainment (AMC), Ciena (CIEN), Chaarat Gold (CGH) and Associated British Foods (ABF).

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

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, Robinhood, Fidelity, and Charles Schwab.

One share of DO stock can currently be purchased for approximately $1.61.

Diamond Offshore Drilling has a market capitalization of $221.01 million and generates $980.64 million in revenue each year. The offshore drilling services provider earns $-357,210,000.00 in net income (profit) each year or ($2.55) on an earnings per share basis. Diamond Offshore Drilling employs 2,500 workers across the globe. View additional information about Diamond Offshore Drilling.

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]