DO Company Profile and Key Details

Short-term trend indicators are mixed aligned (SMA20 -2.88%, SMA50 -8.01%, SMA200 2.68%). The stock’s 14-day RSI is 35.94 (weak momentum), while the ATR of 0.31 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -19.23% below its high and over 26.95% above its low.

Diamond Offshore Drilling, Inc. has 103.21 million shares outstanding. The public float is 93.88 million shares, elevated short interest at 4.45% of float. This equals 4.54 million shares. The short ratio is 2.49 days. Institutional investors hold 93.84% of the float. Insiders own 0.93%. LOEWS CORP holds 73.12 million shares, Wolford Bernie G. has 652.50 thousand shares and ROLAND DAVID L has 108.84 thousand shares.

The latest quarter delivered EPS of $0.12. The next quarter is forecast at $0.25. Next year's EPS is expected at -$48.00. Diamond Offshore Drilling, Inc. earnings surprise history is a mixed track record. The quarter that ended August 06, 2024, missed forecasts by 50.0%. The prior quarter beat by 8432.42%. Over the last six quarters, Apple has recorded several small beats. These include -143.75% in May 08, 2023.

Diamond Offshore Drilling, Inc. last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around $10.33. This means the shares are trading above this model’s fair value.

Diamond Offshore Drilling, Inc. (NYSE:DO) closed at $13.99 USD, losing -$0.35 (-2.44%) from the previous close of $14.34. The stock is currently mid-range between its 52-week high and low $11.02 and $16.80. With a market capitalization of about $1.44 billion, Diamond Offshore Drilling, Inc. is classified as a small-cap and shows higher-than-market volatility (beta ~1.36). Key stats such as the average daily volume over the past year has been around 1.92 million shares, trading with heavier-than-usual volume. Headquartered in Houston, TX, Diamond Offshore Drilling, Inc. operates in the Energy sector and the Oil & Gas Drilling industry. Led by CEO Bernie G. Wolford, the company employs approximately 2,140 people and listed since March 30, 2022. Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide.

Diamond Offshore Drilling, Inc. (NYSE:DO) shares are flat 7.62% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows Diamond Offshore Drilling, Inc. trading at a premium to the broader market with a P/E of -31.87. Analyst sentiment is bullish, with the majority of ratings in Overweight territory and a mean price target of $21.00, suggesting 50.11% upside. Our AI forecast model points to short-term weakness (-0.29% over two weeks), a medium-term fall (-41.32% over three months), and a longer-term gain (194.78% over one year), with expected trading ranges indicating moderate volatility.

Our AI price prediction model suggests that Diamond Offshore Drilling, Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected decline of -0.29%, with price expected at $13.95 by September 17, 2024, within a range of $13.51 to $14.45 3-Month Outlook: Projected fall of -41.32%, reaching $8.21 by December 02, 2024, with a range of $7.88 to $8.56. 1-Year Outlook: Projected gain of 194.78%, with price at $41.24 by September 03, 2025, within a range of $43.01 to $48.59.

Diamond Offshore Drilling, Inc. trades at a P/E ratio of -31.87, slightly below the S&P 500 average, with a price-to-sales ratio of 1.37 and a price-to-book ratio of 2.21 suggesting the stock is closer to book value. The P/FCF stands at -12.07, also below market averages.