In today’s recent session, 1.73 million shares of the Diamond Offshore Drilling, Inc. (NYSE:DO) have been traded, and its beta is 1.37. Most recently the company’s share price was $14.22, and it changed around -$0.12 or -0.84% from the last close, which brings the market valuation of the company to $1.45B. DO at last check was trading at a discount to its 52-week high of $17.32, offering almost -21.8% off that amount. The share price’s 52-week low was $11.02, which indicates that the recent value has risen by an impressive 22.5% since then. We note from Diamond Offshore Drilling, Inc.’s average daily trading volume that its 10-day average is 0.95 million shares, with the 3-month average coming to 2.26 million.
Diamond Offshore Drilling, Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 1.14. If we narrow it down even further, the data shows that 8 out of 32 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 18 recommended DO as a Hold, whereas 3 deemed it a Buy, and 3 rated it as Underweight. Diamond Offshore Drilling, Inc. is expected to report earnings per share of 0.29 for the current quarter.
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Diamond Offshore Drilling, Inc. (NYSE:DO) trade information
Instantly DO has been showing red trend so far today with a performance of -0.84% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.69 on recent trading dayincreased the stock’s daily price by 3.2%. The company’s shares are currently up 9.38% year-to-date, but still up 1.07% over the last five days. On the other hand, Diamond Offshore Drilling, Inc. (NYSE:DO) is -11.84% down in the 30-day period. We can see from the shorts that 4.54 million shares have been sold at a short interest cover period of 2.49 day(s).
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to increase their stock price by 35.36% from its current value. Analyst projections state that DO is forecast to be at a low of $22 and a high of $22.
Diamond Offshore Drilling, Inc. (DO) estimates and forecasts
Diamond Offshore Drilling, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 27.19 percent over the past six months and at a 220.51% annual growth rate that is well above the industry average of -34.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 120.40% in revenue this quarter, and will report an increase of 98.60% in the next quarter. The year-over-year growth rate is expected to be -5.00%, down from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 262.52M in revenue for the current quarter. 4 analysts expect Diamond Offshore Drilling, Inc. to make 216.17M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at -22.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 19.66%.
DO Dividends
Diamond Offshore Drilling, Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-04.
Diamond Offshore Drilling, Inc. (NYSE:DO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.93% of Diamond Offshore Drilling, Inc. shares, and 92.93% of them are in the hands of institutional investors. The stock currently has a share float of 93.80%. Diamond Offshore Drilling, Inc. stock is held by 258.0 institutions, with KGH LTD being the largest institutional investor. By 2024-06-30, it held 8.1814% of the shares, which is about 8.38 million shares worth $129.82 million.
BLACKROCK INC., with 7.9196% or 8.11 million shares worth $125.67 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Smallcap World Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 5.8 shares worth $82.46 million, making up 5.62% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.21 shares worth around $45.6 million, which represents about 3.11% of the total shares outstanding.
