Diamond Offshore Drilling Inc. (NYSE: DO) is -3.85% lower on its value in year-to-date trading and has touched a low of $5.17 and a high of $13.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DO stock was last observed hovering at around $11.17 in the last trading session, with the day’s loss setting it -1.17% off its average median price target of $17.00 for the next 12 months. It is also 50.0% off the consensus price target high of $20.00 offered by 4 analysts, but current levels are 37.5% higher than the price target low of $16.00 for the same period.
Currently trading at $10.00, the stock is -15.95% and -13.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -10.47% at the moment leaves the stock 13.46% off its SMA200. DO registered a gain of 26.10% in past 6-months.
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The stock witnessed a -19.68% loss in the last 1 month and extending the period to 3 months gives it a 13.90%, and is -19.42% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.02% over the week and 6.48% over the month.
Diamond Offshore Drilling Inc. (DO) has around 2100 employees, a market worth around $1.06B and $841.30M in sales. Profit margin for the company is -12.30%. Distance from 52-week low is 93.42% and -24.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.10%).
Diamond Offshore Drilling Inc. (DO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Diamond Offshore Drilling Inc. (DO) is a “Buy”. 4 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Diamond Offshore Drilling Inc. is expected to release its quarterly report on 05/01/2023.The EPS is expected to grow by 95.20% this year
Diamond Offshore Drilling Inc. (DO) Top Institutional Holders
The shares outstanding are 101.18M, and float is at 100.28M with Short Float at 3.18%.
Diamond Offshore Drilling Inc. (DO) Insider Activity
A total of 2 insider transactions have happened at Diamond Offshore Drilling Inc. (DO) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider sale by Savarino Dominic A, the company’s Senior Vice President and CFO. SEC filings show that Savarino Dominic A sold 10,000 shares of the company’s common stock on Mar 01 at a price of $12.25 per share for a total of $0.12 million. Following the sale, the insider now owns 25309.0 shares.
