Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

Analysts Anticipate Diamond Offshore Drilling Inc (NYSE:DO) to Post -$0.68 Earnings Per Share

researchsnappy by researchsnappy
January 27, 2020
in Investment Research
0
Diamond Offshore Drilling (NYSE:DO) Downgraded by Zacks Investment Research
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

Diamond Offshore Drilling logoWall Street analysts expect Diamond Offshore Drilling Inc (NYSE:DO) to announce ($0.68) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Diamond Offshore Drilling’s earnings, with estimates ranging from ($0.80) to ($0.59). Diamond Offshore Drilling reported earnings per share of ($0.42) in the same quarter last year, which would suggest a negative year-over-year growth rate of 61.9%. The company is scheduled to announce its next quarterly earnings report on Monday, February 10th.

On average, analysts expect that Diamond Offshore Drilling will report full year earnings of ($2.87) per share for the current year, with EPS estimates ranging from ($3.00) to ($2.75). For the next fiscal year, analysts anticipate that the firm will report earnings of ($2.27) per share, with EPS estimates ranging from ($2.69) to ($1.96). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Diamond Offshore Drilling.

Diamond Offshore Drilling (NYSE:DO) last announced its quarterly earnings results on Monday, October 28th. The offshore drilling services provider reported ($0.67) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.01. The firm had revenue of $254.00 million for the quarter, compared to analysts’ expectations of $244.43 million. Diamond Offshore Drilling had a negative net margin of 38.60% and a negative return on equity of 10.44%. The company’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.26) EPS.

DO has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Diamond Offshore Drilling from $10.00 to $7.00 and set an “underweight” rating on the stock in a research report on Monday, October 7th. Citigroup upped their target price on shares of Diamond Offshore Drilling from $4.00 to $5.00 and gave the company a “sell” rating in a research report on Monday, September 23rd. Nordea Equity Research raised shares of Diamond Offshore Drilling from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. ValuEngine raised shares of Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 30th. Finally, Zacks Investment Research cut shares of Diamond Offshore Drilling from a “hold” rating to a “sell” rating and set a $7.00 target price on the stock. in a research report on Monday, November 4th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Diamond Offshore Drilling presently has a consensus rating of “Hold” and an average target price of $7.43.

Shares of DO stock traded up $0.28 on Monday, hitting $7.63. 3,729,967 shares of the stock traded hands, compared to its average volume of 2,797,630. The firm’s 50-day moving average price is $6.13 and its two-hundred day moving average price is $6.70. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $1.01 billion, a PE ratio of -6.52 and a beta of 1.89. Diamond Offshore Drilling has a twelve month low of $4.77 and a twelve month high of $12.64.

Hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP increased its stake in Diamond Offshore Drilling by 61.5% during the first quarter. First Trust Advisors LP now owns 134,755 shares of the offshore drilling services provider’s stock worth $1,414,000 after purchasing an additional 51,333 shares during the period. KBC Group NV purchased a new stake in Diamond Offshore Drilling during the second quarter worth about $675,000. Swiss National Bank increased its stake in Diamond Offshore Drilling by 2.2% during the second quarter. Swiss National Bank now owns 127,953 shares of the offshore drilling services provider’s stock worth $1,135,000 after purchasing an additional 2,700 shares during the period. Schroder Investment Management Group increased its stake in Diamond Offshore Drilling by 1.2% during the second quarter. Schroder Investment Management Group now owns 1,634,092 shares of the offshore drilling services provider’s stock worth $14,494,000 after purchasing an additional 19,469 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Diamond Offshore Drilling by 7.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,320,179 shares of the offshore drilling services provider’s stock worth $11,710,000 after purchasing an additional 86,851 shares during the period.

About Diamond Offshore Drilling

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. The company operates a fleet of 17 offshore drilling rigs, including 4 drillships and 13 semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

Read More: What is the S&P/TSX Index?

Get a free copy of the Zacks research report on Diamond Offshore Drilling (DO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Diamond Offshore Drilling (NYSE:DO)

Receive News & Ratings for Diamond Offshore Drilling Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Diamond Offshore Drilling and related companies with MarketBeat.com’s FREE daily email newsletter.

Previous Post

Global Plastic Bolts Market Insights 2019 Pro Weld, Proto, Campbell, Anvil, Calbrite, Crosby, ZSI, Value Brand, Snap-Loc – Market Research 24

Next Post

Bitcoin Price Analysis: Double Bottom Breakout on 4H

Next Post
Bitcoin Price Analysis: Double Bottom Breakout on 4H

Bitcoin Price Analysis: Double Bottom Breakout on 4H

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

Pa. Republicans reconsider Pitt funding over fetal tissue research, college voucher program

Arthur Pharma Closes Series A Financing Round

YouTube and the Achilles Tendon: An Analysis of Internet Information Reliability and Content Quality

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2022 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2022 researchsnappy.com