Worth Watching Stock: Diamond Offshore Drilling, Inc. (NYSE:DO)


Diamond Offshore Drilling, Inc. (NYSE:DO) will report its next earnings on Feb 6 – Feb 10 (Est.). The company reported the earnings of $0.1/Share in the last quarter where the estimated EPS by analysts was $0.08/share. The difference between the expected and actual EPS was $0.02/share, which represents an Earnings surprise of 25%.

Many analysts are providing their Estimated Earnings analysis for Diamond Offshore Drilling, Inc. and for the current quarter 32 analysts have projected that the stock could give an Average Earnings estimate of $0.12/share. These analysts have also projected a Low Estimate of $-0.07/share and a High Estimate of $0.37/share.

In case of Revenue Estimates, 24 analysts have provided their consensus Average Revenue Estimates for Diamond Offshore Drilling, Inc. as 360.57 Million. According to these analysts, the Low Revenue Estimate for Diamond Offshore Drilling, Inc. is 329.05 Million and the High Revenue Estimate is 421 Million. The company had Year Ago Sales of 555.56 Million.

These analysts also forecasted Growth Estimates for the Current Quarter for DO to be -86.7%. They are projecting Next Quarter growth of -50%. For the next 5 years, Diamond Offshore Drilling, Inc. is expecting Growth of -33.4% per annum, whereas in the past 5 years the growth was -23.6% per annum.

Some buy side analysts are also providing their Analysis on Diamond Offshore Drilling, Inc., where 1 analysts have rated the stock as Strong buy, 3 analysts have given a Buy signal, 20 said it’s a HOLD, 6 reported it as Underperform and 4 analysts rated the stock as Sell. (These Recommendations are for the Current Month Only reported by Yahoo Finance.)

When it comes to the Analysis of a Stock, Price Target plays a vital role. 29 Analysts reported that the Price Target for Diamond Offshore Drilling, Inc. might touch $26 high while the Average Price Target and Low price Target is $16.79 and $10 respectively.

To analyze a stock, one should look for Upgrades and Downgrades of a stock. Diamond Offshore Drilling, Inc. got Upgrade on 31-Oct-16 where investment firm CapitalOne Upgrade the stock from Underweight to Equal Weight.

Diamond Offshore Drilling, Inc. closed its last trading session at $15.71 with the gain of 14.96%. The Market Capitalization of the company stands at 2.48 Billion. The Company has 52-week high of $26.72 and 52-week low of $14.18. The stock’s current distance from 20-Day Simple Moving Average (SMA20) is 9.75% where SMA50 and SMA200 are 7.72% and -13.32% respectively. The Company Touched its 52-Week High on Jun 8, 2016 and 52-Week Low on Jan 20, 2016.

The Relative Volume of the company is 1.31 and Average Volume (3 months) is 3.86 million. Diamond Offshore Drilling, Inc. P/E (price to earnings) ratio is 0 and Forward P/E ratio of 22.57.

The company shows its Return on Assets (ROA) value of -10.9%. The Return on Equity (ROE) value stands at -18.9%. While it’s Return on Investment (ROI) value is -2.9%.

While looking at the Stock’s Performance, Diamond Offshore Drilling, Inc. currently shows a Weekly Performance of 6.05%, where Monthly Performance is 9.52%, Quarterly performance is -2.22%, 6 Months performance is -25.68% and yearly performance percentage is -20.89%. Year to Date performance value (YTD perf) value is -14.41%. The Stock currently has a Weekly Volatility of 4.97% and Monthly Volatility of 4.77%.