The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Diamond Offshore Drilling, Inc.’s stock clocked out at $12.24, down -6.21% from its previous closing price of $13.05. In other words, the price has decreased by -$6.21 from its previous closing price. On the day, 2.61 million shares were traded. DO stock price reached its highest trading level at $13.09 during the session, while it also had its lowest trading level at $12.22.
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 1254196096 and an Enterprise Value of 1830289408. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.19 while its Price-to-Book (P/B) ratio in mrq is 1.94. Its current Enterprise Value per Revenue stands at 1.86 whereas that against EBITDA is 11.586.
Stock Price History:
The Beta on a monthly basis for DO is 1.30, which has changed by 0.15689981 over the last 52 weeks, in comparison to a change of 0.23099434 over the same period for the S&P500. 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 -5.62%, while the 200-Day Moving Average is calculated to be -9.13%.
Shares Statistics:
It appears that DO traded 1.49M shares on average per day over the past three months and 1542870 shares per day over the past ten days. A total of 102.32M shares are outstanding, with a floating share count of 101.05M. Insiders hold about 1.25% of the company’s shares, while institutions hold 92.33% stake in the company. Shares short for DO as of 1713139200 were 4834924 with a Short Ratio of 3.24, compared to 1710460800 on 4548496. Therefore, it implies a Short% of Shares Outstanding of 4834924 and a Short% of Float of 4.760000000000001.
Earnings Estimates
As of right now, 4.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.0 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.05, while EPS last year was $0.07. The consensus estimate for the next quarter is $0.07, 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 $0.39. EPS for the following year is $1.94, with 6.0 analysts recommending between $2.11 and $1.71.
Revenue Estimates
In the current quarter, 4 analysts expect revenue to total $267.42M. It ranges from a high estimate of $295M to a low estimate of $245M. As of the current estimate, Diamond Offshore Drilling, Inc.’s year-ago sales were $232.02MFor the next quarter, 4 analysts are estimating revenue of $250.25M. 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 $972M, resulting in an average revenue estimate of $1B. In the same quarter a year ago, actual revenue was $1.06BBased 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.
