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

-0.23 (-11.39 %)
(As of 03/27/2020 04:00 PM ET)
Today's Range
Now: $1.79
50-Day Range
MA: $3.08
52-Week Range
Now: $1.79
Volume2.62 million shs
Average Volume5.92 million shs
Market Capitalization$246.48 million
P/E RatioN/A
Dividend YieldN/A
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company operates a fleet of 17 offshore drilling rigs, including 4 drillships and 13 semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. operates as a subsidiary of Loews Corporation.
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Diamond Offshore Drilling logo

Industry, Sector and Symbol

Industry Drilling oil & gas wells
Sub-IndustryOil & Gas Drilling



Sales & Book Value

Annual Sales$980.64 million
Cash Flow$0.03 per share
Book Value$23.47 per share


Net Income$-357,210,000.00


Market Cap$246.48 million
Next Earnings Date5/4/2020 (Estimated)

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Diamond Offshore Drilling (NYSE:DO) Frequently Asked Questions

How has Diamond Offshore Drilling's stock been impacted by COVID-19 (Coronavirus)?

Diamond Offshore Drilling's stock was trading at $1.40 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, DO stock has increased by 27.9% and is now trading at $1.79. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 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.

When is Diamond Offshore Drilling's next earnings date?

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.

How were Diamond Offshore Drilling's earnings last quarter?

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

What price target have analysts set for DO?

20 Wall Street analysts have issued twelve-month target prices for Diamond Offshore Drilling's shares. 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 194.6% from the stock's current price. View analysts' price targets for Diamond Offshore Drilling.

Has Diamond Offshore Drilling been receiving favorable news coverage?

Media stories about DO stock have been trending extremely negative on Saturday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Diamond Offshore Drilling earned a news sentiment score of -4.0 on InfoTrie's scale. They also gave headlines about the offshore drilling services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutDiamond Offshore Drilling.

Are investors shorting Diamond Offshore Drilling?

Diamond Offshore Drilling saw a decrease in short interest in 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. Currently, 22.7% of the shares of the stock are short sold. View Diamond Offshore Drilling's Current Options Chain.

Who are some of Diamond Offshore Drilling's key competitors?

What other stocks do shareholders of Diamond Offshore Drilling own?

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

Who are Diamond Offshore Drilling's key executives?

Diamond Offshore Drilling's management team includes the following people:
  • Mr. Marc Gerard Rex Edwards, Pres, CEO & Director (Age 58)
  • Mr. Scott Lee Kornblau, Sr. VP & CFO (Age 48)
  • Mr. Thomas M. Roth, Sr. VP of Worldwide Operations (Age 63)
  • Mr. David Lynn Roland, Sr. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Ronald Woll, Exec. VP & Chief Commercial Officer (Age 51)

What is Diamond Offshore Drilling's stock symbol?

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

Who are Diamond Offshore Drilling's major shareholders?

Diamond Offshore Drilling's stock is owned by a number of retail and institutional investors. Top institutional investors include Contrarius Investment Management Ltd (9.64%), State Street Corp (2.42%), Schroder Investment Management Group (1.72%), Norges Bank (1.39%), Charles Schwab Investment Management Inc. (1.27%) and Manning & Napier Group LLC (0.85%). Company insiders that own Diamond Offshore Drilling stock include David L Roland, Marc Gerard Rex Edwards, Paul G Gaffney and Scott Lee Kornblau. View institutional ownership trends for Diamond Offshore Drilling.

Which major investors are selling Diamond Offshore Drilling stock?

DO stock was sold by a variety of institutional investors in the last quarter, including Cubist Systematic Strategies LLC, Credit Suisse AG, Foundation Resource Management Inc., Contrarius Investment Management Ltd, Arizona State Retirement System, Bank of New York Mellon Corp, Public Sector Pension Investment Board, and Blueshift Asset Management LLC. Company insiders that have sold Diamond Offshore Drilling company stock in the last year include Paul G Gaffney, and Scott Lee Kornblau. View insider buying and selling activity for Diamond Offshore Drilling.

Which major investors are buying Diamond Offshore Drilling stock?

DO stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, State Street Corp, KBC Group NV, Thrivent Financial for Lutherans, Great West Life Assurance Co. Can, Schroder Investment Management Group, Charles Schwab Investment Management Inc., and Van ECK Associates Corp. View insider buying and selling activity for Diamond Offshore Drilling.

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, Robinhood, Fidelity, and Charles Schwab.

What is Diamond Offshore Drilling's stock price today?

One share of DO stock can currently be purchased for approximately $1.79.

How big of a company is Diamond Offshore Drilling?

Diamond Offshore Drilling has a market capitalization of $246.48 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.

What is Diamond Offshore Drilling's official website?

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

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)

Community Ranking:  1.7 out of 5 (star)
Outperform Votes:  632 (Vote Outperform)
Underperform Votes:  1,274 (Vote Underperform)
Total Votes:  1,906
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.
This page was last updated on 3/28/2020 by MarketBeat.com Staff

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