After finishing at $12.08 in the prior trading day, Diamond Offshore Drilling, Inc. (NYSE: DO) closed at $11.18, down -7.45%. In other words, the price has decreased by -$0.90 from its previous closing price. On the day, 3219632 shares were traded. DO stock price reached its highest trading level at $11.82 during the session, while it also had its lowest trading level at $11.02.
Ratios:
Our goal is to gain a better understanding of DO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.73 and its Current Ratio is at 1.54. In the meantime, Its Debt-to-Equity ratio is 1.00 whereas as Long-Term Debt/Eq ratio is at 1.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, CapitalOne on November 28, 2023, initiated with a Overweight rating and assigned the stock a target price of $20.
On September 05, 2023, BTIG Research started tracking the stock assigning a Buy rating and target price of $20.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 10 when Savarino Dominic A sold 5,106 shares for $12.74 per share. The transaction valued at 65,035 led to the insider holds 53,940 shares of the business.
Savarino Dominic A sold 5,797 shares of DO for $86,955 on Jul 07. The Senior Vice President and CFO now owns 37,975 shares after completing the transaction at $15.00 per share. On May 31, another insider, Savarino Dominic A, who serves as the Senior Vice President and CFO of the company, sold 6,027 shares for $10.94 each. As a result, the insider received 65,922 and left with 40,608 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DO now has a Market Capitalization of 1.14B and an Enterprise Value of 1.67B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 1.45. Its current Enterprise Value per Revenue stands at 1.70 whereas that against EBITDA is 18.68.
Stock Price History:
Over the past 52 weeks, DO has reached a high of $17.32, while it has fallen to a 52-week low of $9.56. The 50-Day Moving Average of the stock is 12.39, while the 200-Day Moving Average is calculated to be 13.36.
Shares Statistics:
The stock has traded on average 1.29M shares per day over the past 3-months and 1.4M shares per day over the last 10 days, according to various share statistics. A total of 101.32M shares are outstanding, with a floating share count of 101.01M. Insiders hold about 1.28% of the company’s shares, while institutions hold 91.61% stake in the company. Shares short for DO as of Feb 15, 2024 were 4.01M with a Short Ratio of 3.11, compared to 2.81M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.91% and a Short% of Float of 3.94%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.17 and a low estimate of $0.05, while EPS last year was -$0.52. The consensus estimate for the next quarter is $0.16, with high estimates of $0.27 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.15 and $1.04 for the fiscal current year, implying an average EPS of $1.1. EPS for the following year is $0.63, with 5 analysts recommending between $0.75 and $0.52.
Revenue Estimates
4 analysts predict $291M in revenue for the current quarter. It ranges from a high estimate of $299M to a low estimate of $284M. As of the current estimate, Diamond Offshore Drilling, Inc.’s year-ago sales were $223.26M, an estimated increase of 30.30% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $292.17M, an increase of 25.90% less than the figure of $30.30% in the same quarter last year. There is a high estimate of $301M for the next quarter, whereas the lowest estimate is $280.5M.
A total of 6 analysts have provided revenue estimates for DO’s current fiscal year. The highest revenue estimate was $1.06B, while the lowest revenue estimate was $1.01B, resulting in an average revenue estimate of $1.04B. In the same quarter a year ago, actual revenue was $841.28M, up 23.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $1B in the next fiscal year. The high estimate is $1.02B and the low estimate is $920M. The average revenue growth estimate for next year is down -3.70% from the average revenue estimate for this year.
