As of close of business last night, Diamond Offshore Drilling, Inc.’s stock clocked out at $14.19, down -1.32% from its previous closing price of $14.38. In other words, the price has decreased by -$0.19 from its previous closing price. On the day, 1149845 shares were traded.
Ratios:
To gain a deeper understanding of DO’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 1.47. In the meantime, Its Debt-to-Equity ratio is 1.09 whereas as Long-Term Debt/Eq ratio is at 1.05.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 19 ’24 when Savarino Dominic A sold 13,000 shares for $13.16 per share. The transaction valued at 171,080 led to the insider holds 44,501 shares of the business.
ROLAND DAVID L sold 5,000 shares of DO for $59,951 on Mar 05 ’24. The SVP, General Counsel and Sec now owns 80,306 shares after completing the transaction at $11.99 per share. On Mar 01 ’24, another insider, Savarino Dominic A, who serves as the Senior Vice President and CFO of the company, sold 5,106 shares for $11.76 each. As a result, the insider received 60,059 and left with 57,501 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 1.45B and an Enterprise Value of 2.00B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 1.89 whereas that against EBITDA is 13.25.
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 $10.44. The 50-Day Moving Average of the stock is 12.45, while the 200-Day Moving Average is calculated to be 13.49.
Shares Statistics:
It appears that DO traded 1.46M shares on average per day over the past three months and 1.36M shares per day over the past ten days. A total of 102.32M shares are outstanding, with a floating share count of 100.99M. Insiders hold about 1.30% of the company’s shares, while institutions hold 91.65% stake in the company. Shares short for DO as of Mar 15, 2024 were 4.55M with a Short Ratio of 3.12, compared to 4.01M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.44% and a Short% of Float of 4.48%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.03 for the current quarter, with a high estimate of $0.14 and a low estimate of -$0.05, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.1, with high estimates of $0.21 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.63 and $0.17 for the fiscal current year, implying an average EPS of $0.4. EPS for the following year is $1.93, with 6 analysts recommending between $2.11 and $1.71.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $272.42M. It ranges from a high estimate of $295M to a low estimate of $261.7M. As of the current estimate, Diamond Offshore Drilling, Inc.’s year-ago sales were $232.02M, an estimated increase of 17.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $250.25M, a decrease of -9.30% less than the figure of $17.40% in the same quarter last year. There is a high estimate of $279M for the next quarter, whereas the lowest estimate is $207M.
A total of 6 analysts have provided revenue estimates for DO’s current fiscal year. The highest revenue estimate was $1.03B, while the lowest revenue estimate was $981M, resulting in an average revenue estimate of $1.01B. In the same quarter a year ago, actual revenue was $1.06B, down -4.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $1.09B in the next fiscal year. The high estimate is $1.18B and the low estimate is $971M. The average revenue growth estimate for next year is up 8.30% from the average revenue estimate for this year.
