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

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

Diamond Offshore Drilling Inc (NYSE:DO) posted its quarterly earnings data on Monday, October, 28th. The offshore drilling services provider reported ($0.67) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.01. The offshore drilling services provider had revenue of $254 million for the quarter, compared to analyst estimates of $244.43 million. Diamond Offshore Drilling had a negative net margin of 38.60% and a negative return on equity of 10.44%. Diamond Offshore Drilling's quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.26) earnings per share. View Diamond Offshore Drilling's Earnings History.

Diamond Offshore Drilling is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Diamond Offshore Drilling.

17 brokerages have issued 12-month target prices for Diamond Offshore Drilling's shares. Their forecasts range from $3.50 to $11.00. On average, they anticipate Diamond Offshore Drilling's stock price to reach $7.46 in the next twelve months. This suggests a possible upside of 26.7% from the stock's current price. View Analyst Price Targets for Diamond Offshore Drilling.

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 4 sell ratings, 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Diamond Offshore Drilling.

News headlines about DO stock have trended somewhat positive recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Diamond Offshore Drilling earned a news impact score of 0.7 on InfoTrie's scale. They also assigned news articles about the offshore drilling services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Diamond Offshore Drilling.

Diamond Offshore Drilling saw a increase in short interest in the month of December. As of December 31st, there was short interest totalling 33,540,000 shares, an increase of 7.5% from the December 15th total of 31,190,000 shares. Based on an average trading volume of 2,730,000 shares, the days-to-cover ratio is presently 12.3 days. Approximately 24.4% of the shares of the stock are sold short. 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), Nabors Industries (NBR), PARKER DRILLING/SH PAR $ (PKD), Unit (UNT), Pioneer Energy Services (PES) and Vantage Drilling (VTGDF).

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).

Diamond Offshore Drilling's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Manning & Napier Group LLC (0.85%), Triad Investment Management (0.21%), Foundation Resource Management Inc. (0.21%), Louisiana State Employees Retirement System (0.02%), Huntington National Bank (0.01%) and Nisa Investment Advisors LLC (0.00%). 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 Foundation Resource Management Inc. and Louisiana State Employees Retirement System. 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 for Diamond Offshore Drilling.

DO stock was acquired by a variety of institutional investors in the last quarter, including Triad Investment Management, Manning & Napier Group LLC, Huntington National Bank and Nisa Investment Advisors LLC. View Insider Buying and Selling 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 $5.89.

Diamond Offshore Drilling has a market capitalization of $811.02 million and generates $1.08 billion in revenue each year. The offshore drilling services provider earns $-180,270,000.00 in net income (profit) each year or ($1.17) on an earnings per share basis. Diamond Offshore Drilling employs 2,300 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]