Should I buy or sell Diamond Offshore Drilling stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DO shares. View DO analyst ratings or view top-rated stocks .

What is Diamond Offshore Drilling's stock price target for 2024?

3 analysts have issued 12 month target prices for Diamond Offshore Drilling's stock. Their DO share price targets range from $20.00 to $21.00. On average, they expect the company's share price to reach $20.33 in the next year. This suggests a possible upside of 56.3% from the stock's current price. View analysts price targets for DO or view top-rated stocks among Wall Street analysts .

Are investors shorting Diamond Offshore Drilling?

Diamond Offshore Drilling saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 4,220,000 shares, a decrease of 7.3% from the March 15th total of 4,550,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 4.2% of the company's shares are short sold. View Diamond Offshore Drilling's Short Interest .

When is Diamond Offshore Drilling's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024. View our DO earnings forecast .

How were Diamond Offshore Drilling's earnings last quarter?

Diamond Offshore Drilling Inc (NYSE:DO) announced its quarterly earnings data on Tuesday, February, 27th. The offshore drilling services provider reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $1.57. The offshore drilling services provider earned $297.64 million during the quarter, compared to analysts' expectations of $292 million. Diamond Offshore Drilling had a negative trailing twelve-month return on equity of 5.04% and a negative net margin of 4.23%. During the same period in the prior year, the firm posted ($0.52) earnings per share.

What ETFs hold Diamond Offshore Drilling's stock?

ETFs with the largest weight of Diamond Offshore Drilling (NYSE:DO) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES) , Invesco Dorsey Wright Energy Momentum ETF (PXI) , AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) , iShares U.S. Oil Equipment & Services ETF (IEZ) , First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS) . iShares Micro-Cap ETF (IWC) .

What is Marc Edwards' approval rating as Diamond Offshore Drilling's CEO?

34 employees have rated Diamond Offshore Drilling Chief Executive Officer Marc Edwards on Glassdoor.com . Marc Edwards has an approval rating of 25% among the company's employees. This puts Marc Edwards in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 Bank of America (BAC) , Transocean (RIG) , Intelsat (I) , Cabot Oil & Gas (COG) , AMC Entertainment (AMC) , Fossil Group (FOSL) , Ciena (CIEN) , Synergy Pharmaceuticals (SGYP) , Chaarat Gold (CGH) and Associated British Foods (ABF) .

Who are Diamond Offshore Drilling's major shareholders?

Diamond Offshore Drilling's stock is owned by many different institutional and retail investors. Top institutional shareholders include Maryland Capital Advisors Inc. (0.00%). Insiders that own company stock include David L Roland and Dominic A Savarino. View institutional ownership trends .

NYSE:DO

Diamond Offshore Drilling (DO) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

Today's Range: $13.00
▼
$13.61
50-Day Range: $0.73
▼
$0.94
52-Week Range: $0.67
▼
$11.41

Volume: 1.60 million shs
Average Volume: 1.24 million shs
Market Capitalization: $1.33 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $20.33

Get Diamond Offshore Drilling alerts:

Diamond Offshore Drilling MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 56.3% Upside
$20.33 Price Target
Short Interest: Healthy
4.18% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Selling Shares
$291,077 Sold Last Quarter
Proj. Earnings Growth: 280.77%
From $0.52 to $1.98 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.17 out of 5 stars

Oils/Energy Sector

109th out of 234 stocks

Drilling Oil & Gas Wells Industry

5th out of 12 stocks

3.5

Analyst's Opinion

Consensus Rating
Diamond Offshore Drilling has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Diamond Offshore Drilling has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.18% of the float of Diamond Offshore Drilling has been sold short.
Short Interest Ratio / Days to Cover
Diamond Offshore Drilling has a short interest ratio ("days to cover") of 2.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Diamond Offshore Drilling has recently decreased by 7.25%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Diamond Offshore Drilling does not currently pay a dividend.
Dividend Growth
Diamond Offshore Drilling does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DO.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Diamond Offshore Drilling this week, compared to 0 articles on an average week.
Search Interest
Only 2 people have searched for DO on MarketBeat in the last 30 days. This is a decrease of -60% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Diamond Offshore Drilling to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Diamond Offshore Drilling insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $291,077.00 in company stock.
Percentage Held by Insiders
Only 0.74% of the stock of Diamond Offshore Drilling is held by insiders.
Percentage Held by Institutions
90.82% of the stock of Diamond Offshore Drilling is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Diamond Offshore Drilling are expected to grow by 280.77% in the coming year, from $0.52 to $1.98 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Diamond Offshore Drilling is -27.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Diamond Offshore Drilling is -27.10, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Diamond Offshore Drilling has a P/B Ratio of 2.07. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Diamond Offshore Drilling Stock (NYSE:DO)

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2021, the company operated a fleet of 12 offshore drilling rigs, including four drillships and eight 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.

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DO Stock News Headlines

April 17, 2024 | prnewswire.com

DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTS

April 11, 2024 | finance.yahoo.com

There's Been No Shortage Of Growth Recently For Diamond Offshore Drilling's (NYSE:DO) Returns On Capital

April 18, 2024 | GoldenCrest Metals (Ad)

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April 4, 2024 | msn.com

Interview | Shaping India's Future: Shashank Mani's Vision for the Middle and Beyond

March 15, 2024 | wsj.com

Diamond Offshore Drilling Inc.

March 3, 2024 | prnewswire.com

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

February 29, 2024 | finance.yahoo.com

Diamond Offshore Drilling, Inc. (NYSE:DO) Q4 2023 Earnings Call Transcript

February 28, 2024 | uk.finance.yahoo.com

Q4 2023 Diamond Offshore Drilling Inc Earnings Call

April 18, 2024 | GoldenCrest Metals (Ad)

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February 28, 2024 | finance.yahoo.com

Diamond Offshore Drilling Inc (DO) Reports Q4 2023 Results Amidst Industry Challenges

February 28, 2024 | markets.businessinsider.com

Diamond Offshore Drilling Posts Q4 Loss Of $145.70 Mln

February 27, 2024 | prnewswire.com

Diamond Offshore Reports Fourth Quarter 2023 Results

February 27, 2024 | msn.com

Diamond Offshore Drilling Q4 2023 Earnings Preview

February 17, 2024 | seekingalpha.com

Diamond Offshore Drilling: Eagerly Awaiting Earnings And Operational Updates

February 12, 2024 | finance.yahoo.com

With 83% ownership of the shares, Diamond Offshore Drilling, Inc. (NYSE:DO) is heavily dominated by institutional owners

February 6, 2024 | ca.finance.yahoo.com

Stocks in play: Tribeca Resources Corporation

February 6, 2024 | bloomberg.com

The Trick That Makes Climate Investing in Poor Countries Less Risky

February 6, 2024 | finance.yahoo.com

DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2023 RESULTS

February 6, 2024 | finance.yahoo.com

LIFT Intersects 13 m at 1.11% Li2O at its Ki pegmatite, Yellowknife Lithium Project, NWT

February 6, 2024 | seekingalpha.com

Precision Drilling surges on plans for debt reduction, shareholder returns

February 6, 2024 | msn.com

Precision Drilling Shares Are Rocketing Today: What's Going On?

February 6, 2024 | ca.finance.yahoo.com

DO Mar 2024 11.000 put

February 5, 2024 | bloomberg.com

Offshore Oil-Rig Pipe Plunges to Sea Floor in North Atlantic

February 2, 2024 | benzinga.com

Diamond Offshore Drilling Stock (NYSE:DO), Guidance and Forecast

January 30, 2024 | msn.com

SLB slides as Aramco's lowered capacity target prompts spending cut concerns

January 17, 2024 | morningstar.com

Diamond Offshore Drilling Inc DO

December 18, 2023 | ca.finance.yahoo.com

DO Jul 2024 12.000 put

See More Headlines

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Company Calendar

Last Earnings: 2/27/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/13/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Oils/Energy
Industry: Drilling oil & gas wells
Sub-Industry: Oil & Gas Drilling
Current Symbol: NYSE:DO
CUSIP: 25271C10
CIK: 949039
Web: www.diamondoffshore.com
Phone: 281-492-5300
Fax: 281-492-5316
Employees: 2,140
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $20.33
High Stock Price Target: $21.00
Low Stock Price Target: $20.00
Potential Upside/Downside: +56.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.48)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 25.02
P/E Growth: N/A
Net Income: $-44,710,000.00
Net Margins: -4.23%
Pretax Margin: -1.30%
Return on Equity: -5.04%
Return on Assets: -2.26%

Debt

Debt-to-Equity Ratio: 1.00
Current Ratio: 1.54
Quick Ratio: 1.54

Sales & Book Value

Annual Sales: $1.06 billion
Price / Sales: 1.26
Cash Flow: $0.68 per share
Price / Cash Flow: 19.03
Book Value: $6.30 per share
Price / Book: 2.07

Miscellaneous

Outstanding Shares: 102,470,000
Free Float: 101,709,000
Market Cap: $1.33 billion
Optionable: Optionable
Beta: 1.28

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Key Executives

Mr. Ronald Woll (Age 54)
Exec. VP & COO
Comp: $2.72M
Mr. Dominic A. Savarino (Age 51)
VP & Chief Accounting and Tax Officer
Comp: $983.92k
Mr. David Lynn Roland (Age 60)
Sr. VP, Gen. Counsel & Sec.
Comp: $1.11M
Mr. Bernie G. Wolford (Age 62)
Pres, CEO & Director
Mr. Tim Osburn
Chief Information Officer
Samir Ali
VP of Investor Relations & Corp. Devel.
Mr. Aaron Sobel
VP of HR
Mr. Karl S. Sellers
Sr. VP of Technical Services
Mr. Jon L. Richards (Age 48)
Sr. VP of Worldwide Operations
Mr. Stephen Glenn Elwood
Sr. VP of Tax

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DO Stock Analysis - Frequently Asked Questions

Should I buy or sell Diamond Offshore Drilling stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Diamond Offshore Drilling in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" DO shares.
View DO analyst ratings or view top-rated stocks.
What is Diamond Offshore Drilling's stock price target for 2024?: 3 analysts have issued 12 month target prices for Diamond Offshore Drilling's stock. Their DO share price targets range from $20.00 to $21.00. On average, they expect the company's share price to reach $20.33 in the next year. This suggests a possible upside of 56.3% from the stock's current price.
View analysts price targets for DO or view top-rated stocks among Wall Street analysts.
Are investors shorting Diamond Offshore Drilling?: Diamond Offshore Drilling saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 4,220,000 shares, a decrease of 7.3% from the March 15th total of 4,550,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 4.2% of the company's shares are short sold.
View Diamond Offshore Drilling's Short Interest.
When is Diamond Offshore Drilling's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our DO earnings forecast.
How were Diamond Offshore Drilling's earnings last quarter?: Diamond Offshore Drilling Inc (NYSE:DO) announced its quarterly earnings data on Tuesday, February, 27th. The offshore drilling services provider reported ($1.42) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $1.57. The offshore drilling services provider earned $297.64 million during the quarter, compared to analysts' expectations of $292 million. Diamond Offshore Drilling had a negative trailing twelve-month return on equity of 5.04% and a negative net margin of 4.23%. During the same period in the prior year, the firm posted ($0.52) earnings per share.

What ETFs hold Diamond Offshore Drilling's stock?: ETFs with the largest weight of Diamond Offshore Drilling (NYSE:DO) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco Dorsey Wright Energy Momentum ETF (PXI), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), iShares U.S. Oil Equipment & Services ETF (IEZ), First Trust Small Cap Growth AlphaDEX Fund (FYC) and Invesco DWA SmallCap Momentum ETF (DWAS).iShares Micro-Cap ETF (IWC).
What is Marc Edwards' approval rating as Diamond Offshore Drilling's CEO?: 34 employees have rated Diamond Offshore Drilling Chief Executive Officer Marc Edwards on Glassdoor.com. Marc Edwards has an approval rating of 25% among the company's employees. This puts Marc Edwards in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.
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 Bank of America (BAC), Transocean (RIG), Intelsat (I), Cabot Oil & Gas (COG), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Synergy Pharmaceuticals (SGYP), Chaarat Gold (CGH) and Associated British Foods (ABF).
Who are Diamond Offshore Drilling's major shareholders?: Diamond Offshore Drilling's stock is owned by many different institutional and retail investors. Top institutional shareholders include Maryland Capital Advisors Inc. (0.00%). Insiders that own company stock include David L Roland and Dominic A Savarino.
View institutional ownership trends.

This page (NYSE:DO) was last updated on 4/18/2024 by MarketBeat.com Staff

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Diamond Offshore Drilling (DO) Stock Price, News & Analysis

Diamond Offshore Drilling MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Diamond Offshore Drilling Stock (NYSE:DO)

DO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

DO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™