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

Diamond Offshore Drilling's stock was trading at $1.40 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). 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.

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 quarterly earnings data on Monday, February, 10th. The offshore drilling services provider reported ($0.45) earnings per share (EPS) for the quarter, topping 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 analysts' expectations 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 company's quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.42) earnings per share. View Diamond Offshore Drilling's earnings history.

20 brokerages have issued 12-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 share price to reach $5.27 in the next year. This suggests a possible upside of 194.6% from the stock's current price. View analysts' price targets for Diamond Offshore Drilling.

Headlines about DO stock have trended somewhat negative on Monday, according to InfoTrie. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. 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 media sentiment score of -1.0 on InfoTrie's scale. They also gave press coverage about the offshore drilling services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutDiamond Offshore Drilling.

Diamond Offshore Drilling saw a drop in short interest during the month of March. As of March 13th, there was short interest totaling 31,177,100 shares, a drop 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 short-interest ratio is presently 8.6 days. Currently, 22.7% of the company's shares 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."

Diamond Offshore Drilling's stock is owned by a variety of institutional and retail 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.

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.

DO stock was purchased 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.

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 $1.79.

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.

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]