Diamond Offshore Drilling Company Profile (NYSE:DO)

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

Diamond Offshore Drilling, Inc. (NYSE:DO) issued its quarterly earnings data on Monday, May, 1st. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.05. The business earned $374.22 million during the quarter, compared to the consensus estimate of $366.03 million. Diamond Offshore Drilling had a negative net margin of 29.01% and a positive return on equity of 4.76%. The company's revenue was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. View Diamond Offshore Drilling's Earnings History.

Diamond Offshore Drilling is scheduled to release their next quarterly earnings announcement on Monday, July, 31st 2017. View Earnings Estimates for Diamond Offshore Drilling.

21 brokerages have issued 12 month price targets for Diamond Offshore Drilling's stock. Their forecasts range from $9.00 to $22.00. On average, they anticipate Diamond Offshore Drilling's stock price to reach $15.82 in the next year. View Analyst Ratings for Diamond Offshore Drilling.

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. The company boasts solid fundamentals with significant free cash flow potential and a clean balance sheet. Effective cost-control initiatives and improving rig efficiencies are added positives. Moreover, 94% of the rig days during 2017 for the company’s ultra-deepwater units are being booked by top-tier global customers, which is likely to fetch with steady cashflows. Most importantly, oil price is approaching the $55 per barrel physiological mark again. This is likely to result in more drilling contracts for Diamond Offshore. The company has also displayed significant share pricing strength in the last one month. During the aforesaid period, the company’s shares gained 7.3% compared with 0.4% decrease for the Zacks categorized Oil & Gas Drilling industry." (4/11/2017)
• 2. UBS AG analysts commented, "DO setting itself apart from the peers; also credible CEO does not mince words Under the helm of the new CEO, DO has clearly set itself apart from the peers in looking at the drilling world differently and changing the parameters. The “power by the hour” concept for the BOPs has proved to be even more successful than many would have expected as demonstrated with the 4 unplanned stack pulls in Q2 on GE’s tab. Diamond also continues to drive forward its “floating factory” concept with its JV with Trelleborg focused on riser buoyancy (see below). However, in our view the big takeaway from the call was the frankness in how the CEO sees the market outlook." (8/2/2016)

Some companies that are related to Diamond Offshore Drilling include Nabors Industries (NBR), Ensco Plc (ESV), Rowan Companies PLC (RDC), Precision Drilling Corporation (PDS), MAMMOOTH ENERGY (TUSK), Atwood Oceanics (ATW), Seadrill Ltd (SDRL), Seadrill Limited (SDRL), Pioneer Energy Services Corp. (PES), Parker Drilling Company (PKD), Pacific Drilling S.A. (PACD), Pioneer Energy Services Corp (PDC) and Transocean Partners LLC (RIGP).

Diamond Offshore Drilling's management team includes the folowing people:

• James S. Tisch, Chairman of the Board
• Marc Edwards, President, Chief Executive Officer, Director
• Kelly Youngblood, Chief Financial Officer, Senior Vice President
• Thomas M. Roth, Senior Vice President - Worldwide Operations
• Ronald Woll, Senior Vice President, Chief Commercial Officer
• Beth G. Gordon, Vice President, Controller
• David L. Roland, Senior Vice President, General Counsel, Secretary
• Edward Grebow, Lead Independent Director, Presiding Director
• Kenneth I. Siegel, Director
• Andrew H. Tisch, Director

Diamond Offshore Drilling's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Pastel & Associes SA (0.88%), Foundation Resource Management Inc. (0.15%), Thompson Rubinstein Investment Management Inc. OR (0.08%), Aperio Group LLC (0.06%), Gateway Investment Advisers LLC (0.02%) and State Treasurer State of Michigan (0.02%). View Institutional Ownership Trends for Diamond Offshore Drilling.

Diamond Offshore Drilling's stock was sold by a variety of institutional investors in the last quarter, including James Investment Research Inc. and Thompson Rubinstein Investment Management Inc. OR. View Insider Buying and Selling for Diamond Offshore Drilling.

Diamond Offshore Drilling's stock was purchased by a variety of institutional investors in the last quarter, including Pastel & Associes SA, Aperio Group LLC, Gateway Investment Advisers LLC, Foundation Resource Management Inc., Oregon Public Employees Retirement Fund, Beech Hill Advisors Inc., Louisiana State Employees Retirement System and State Treasurer State of Michigan. View Insider Buying and Selling for Diamond Offshore Drilling.

Shares of Diamond Offshore Drilling can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Diamond Offshore Drilling stock can currently be purchased for approximately $11.84.