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) issued its 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 company's quarterly revenue was up 18.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.42) earnings per share. View Diamond Offshore Drilling's Earnings History.

Diamond Offshore Drilling is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Diamond Offshore Drilling.

18 analysts have issued 1 year price objectives for Diamond Offshore Drilling's shares. Their forecasts range from $3.50 to $11.00. On average, they expect Diamond Offshore Drilling's stock price to reach $6.91 in the next year. This suggests a possible upside of 99.8% from the stock's current price. View Analyst Price Targets for Diamond Offshore Drilling.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 5 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 stories about DO stock have trended negative this week, InfoTrie reports. The research group 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 -5 to 5, with scores closest to five being the most favorable. Diamond Offshore Drilling earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned headlines 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 impact on the stock's share price in the next several days. View News Stories for Diamond Offshore Drilling.

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 many different 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%), Charles Schwab Investment Management Inc. (1.27%), Manning & Napier Group LLC (0.85%) and Van ECK Associates Corp (0.68%). 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 for Diamond Offshore Drilling.

DO stock was purchased by a variety of institutional investors in the last quarter, including 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., Van ECK Associates Corp and SG Americas Securities 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 $3.46.

Diamond Offshore Drilling has a market capitalization of $476.46 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]