DO - Diamond Offshore Drilling Inc Stock Price, Fair Value and News

14.83USD+0.10 (+0.68%)Delayed

Market Summary

USD14.83+0.10

Delayed

0.68%

DO Alerts

Big jump in Earnings (Y/Y)

DO Stock Price

View Fullscreen

DO RSI Chart

DO Valuation

Market Cap

1.5B

Price/Earnings (Trailing)

-37.69

Price/Sales (Trailing)

1.38

EV/EBITDA

27.09

Price/Free Cashflow

-29.8

DO Price/Sales (Trailing)

DO Profitability

EBT Margin

1.19%

Return on Equity

-6.12%

Return on Assets

-2.39%

Free Cashflow Yield

-3.36%

DO Fundamentals

DO Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

18.36%

Rev. Growth (Qtr)

-7.74%

DO Earnings

Earnings (TTM)

-40.3M

Earnings Growth (Yr)

60.63%

Earnings Growth (Qtr)

107.97%

Breaking Down DO Revenue

Last 7 days

2.8%

Last 30 days

14.0%

Last 90 days

24.6%

How does DO drawdown profile look like?

DO Financial Health

Current Ratio

1.63

Debt/Equity

0.81

Debt/Cashflow

0.15

DO Investor Care

Dividend Yield

3.41%

Dividend/Share (TTM)

0.5

Shares Dilution (1Y)

1.11%

Diluted EPS (TTM)

-0.42

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2024	1.1B	0	0	0
2023	887.1M	962.9M	981.8M	1.1B
2022	742.3M	833.1M	845.3M	841.3M
2021	639.3M	610.5M	633.0M	725.4M
2020	976.3M	957.8M	842.0M	733.7M
2019	1.0B	969.1M	936.8M	980.6M
2018	1.4B	1.3B	1.2B	1.1B
2017	1.5B	1.5B	1.5B	1.5B
2016	2.3B	2.0B	1.8B	1.6B
2015	2.7B	2.7B	2.5B	2.4B
2014	2.9B	2.8B	2.9B	2.8B
2013	2.9B	3.0B	2.9B	2.9B
2012	3.3B	3.1B	3.0B	3.0B
2011	3.3B	3.3B	3.4B	3.3B
2010	3.6B	3.5B	3.4B	3.3B
2009	3.6B	3.6B	3.6B	3.6B
2008	0	2.9B	3.2B	3.5B
2007	0	0	0	2.6B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Diamond Offshore Drilling Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	savarino dominic a	sold	-171,080	13.16	-13,000	senior vice president and cfo
Mar 05, 2024	roland david l	sold	-59,951	11.9903	-5,000	svp, general counsel and sec
Mar 01, 2024	savarino dominic a	sold	-60,058	11.7624	-5,106	senior vice president and cfo
Jan 18, 2024	roland david l	acquired	-	-	9,583	svp, general counsel and sec
Jan 18, 2024	savarino dominic a	acquired	-	-	12,321	senior vice president and cfo
Jan 18, 2024	roland david l	sold (taxes)	-35,155	12.37	-2,842	svp, general counsel and sec
Jan 18, 2024	wolford bernie g.	acquired	-	-	39,428	president and ceo
Jan 18, 2024	wolford bernie g.	sold (taxes)	-97,549	12.37	-7,886	president and ceo
Jan 18, 2024	savarino dominic a	sold (taxes)	-45,200	12.37	-3,654	senior vice president and cfo
Nov 10, 2023	savarino dominic a	sold	-65,034	12.7369	-5,106	senior vice president and cfo

Which funds bought or sold DO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	ELKHORN PARTNERS LIMITED PARTNERSHIP	new	-	6,000	6,000	-%
May 16, 2024	Creekmur Asset Management LLC	sold off	-100	-3,900	-	-%
May 16, 2024	COMERICA BANK	unchanged	-	134	2,851	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-47.71	-536,410	652,115	-%
May 16, 2024	Ancora Advisors LLC	new	-	6,984	6,984	-%
May 16, 2024	CASTLEARK MANAGEMENT LLC	new	-	1,560,140	1,560,140	0.06%
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-5.21	-7,624	1,394,880	-%
May 15, 2024	PRELUDE CAPITAL MANAGEMENT, LLC	new	-	341,000	341,000	0.02%
May 15, 2024	Psagot Value Holdings Ltd. / (Israel)	sold off	-100	-8,000	-	-%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	reduced	-29.42	-2,767,000	7,895,790	0.03%

Are Funds Buying or Selling DO?

Are funds buying DO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own DO

No. of Funds

DO Alerts

Big jump in Earnings (Y/Y)

Unveiling Diamond Offshore Drilling Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.82%	5,953,262	SC 13G/A
Feb 13, 2024	kgh ltd	6.7%	6,887,848	SC 13G/A
Feb 12, 2024	contrarius investment management ltd	1.9%	1,918,894	SC 13G/A
Feb 09, 2024	capital research global investors	5.7%	5,845,250	SC 13G
Feb 09, 2024	capital world investors	0.4%	392,012	SC 13G/A
Feb 08, 2024	wellington management group llp	3.95%	4,045,884	SC 13G/A
Jan 25, 2024	blackrock inc.	8.3%	8,461,107	SC 13G/A
Jul 12, 2023	kgh ltd	7.5%	7,553,202	SC 13G/A
Feb 14, 2023	kgh ltd	7.1%	7,249,478	SC 13G/A
Feb 13, 2023	capital world investors	5.2%	5,273,358	SC 13G

Recent SEC filings of Diamond Offshore Drilling Inc

View All Filings

Date Filed	Form Type	Document
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 14, 2024	4	Insider Trading
May 09, 2024	8-K	Current Report
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
Apr 23, 2024	8-K	Current Report
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A

Diamond Offshore Drilling Inc News

Latest updates

Diamond Offshore Drilling Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Revenue	-7.7%	274,610,000	297,637,000	244,958,000	281,563,000	232,021,000	223,264,000	226,073,000	205,702,000	186,239,000	227,278,000	213,877,000	114,911,000	169,379,000	134,817,000	168,057,000	138,257,000	198,203,000	229,170,000	276,376,000	254,020,000	216,706,000
Costs and Expenses	0.0%	252,797,000	252,720,500	244,095,000	271,323,000	236,981,000	235,455,000	233,648,000	215,465,000	220,155,000	354,574,000	210,613,000	142,059,000	496,438,000	432,028,000	302,061,000	227,475,000	281,685,000	1,075,607,000	325,245,000	326,854,000	328,206,000
S&GA Expenses	-100.0%	-	19,190,000	16,649,000	16,824,000	19,585,000	17,391,000	16,320,000	19,753,000	16,732,000	16,301,000	20,976,000	16,217,000	15,036,000	12,366,000	12,098,000	12,781,000	15,701,000	16,345,000	16,442,000	18,830,000	15,294,000
EBITDA Margin	69.1%	0.06	0.04	-0.02	-0.02	-0.04	-0.08	-0.21	-0.20	-0.25	-2.92	-3.66	-4.21	-4.17	-	-	-	-	-	-	-	-
Interest Expenses	3.4%	15,346,000	14,847,000	13,774,000	12,755,000	12,040,000	11,631,000	10,364,000	10,103,000	8,325,000	9,306,000	9,777,000	7,097,000	34,827,000	32,562,000	-167,000	98,000	10,333,000	32,321,000	30,650,000	31,098,000	31,159,000
Income Taxes	-101.8%	-3,211,000	174,322,500	125,400,000	-243,100,000	-25,645,000	25,664,000	-23,029,000	3,623,000	-8,653,000	-13,563,000	-2,086,000	17,303,000	-39,404,000	-2,200,000	-1,433,000	95,000	-3,949,000	-15,899,000	-5,902,000	-7,482,000	-27,354,000
Earnings Before Taxes	-70.6%	8,401,000	28,615,000	-19,580,000	-4,342,000	-18,416,000	-26,774,000	-17,519,000	-18,306,000	-43,007,000	-138,432,000	-7,268,000	-29,990,000	-2,001,393,000	-363,881,000	-150,971,000	-98,511,000	-148,769,000	-877,839,000	-80,672,000	-102,610,000	-141,342,000
EBT Margin	191.7%	0.01	-0.01	-0.07	-0.07	-0.09	-0.13	-0.26	-0.25	-0.29	-3.00	-3.80	-4.34	-4.28	-	-	-	-	-	-	-	-
Net Income	108.0%	11,612,000	-145,702,000	-145,016,000	238,783,000	7,229,000	-52,438,000	5,510,000	-21,929,000	-34,354,000	1,033,469,500	-5,182,000	-47,293,000	-1,961,989,000	-361,681,000	-149,538,000	-98,606,000	-144,820,000	-861,940,000	-74,770,000	-95,128,000	-113,988,000
Net Income Margin	13.3%	-0.04	-0.04	0.05	0.21	-0.07	-0.12	1.16	1.17	1.28	-1.35	-3.75	-4.29	-4.21	-	-	-	-	-	-	-	-
Free Cashflow	177.7%	31,083,000	-39,996,000	-31,463,000	-10,620,000	-37,590,000	13,424,000	-21,425,000	-32,170,000	-10,988,000	54,908,000	11,196,000	-90,012,000	-149,183,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Assets	-1.3%	1,690	1,713	1,806	1,788	1,511	1,528	1,524	1,515	1,513	1,531	1,692	1,765	1,723	4,679	4,948	5,102	5,281	5,378	5,834	5,871	5,977
Current Assets	-2.2%	448	457	481	384	285	318	301	275	255	272	285	333	304	582	625	652	785	844	477	514	591
Cash Equivalents	30.5%	162	124	147	30.00	19.00	63.00	23.00	43.00	54.00	38.00	27.00	26.00	80.00	311	406	423	486	499	156	209	148
Net PPE	-	-	-	-	-	-	-	-	-	-	1,176	-	-	-	3,900	4,123	4,243	4,286	4,330	5,153	5,151	5,164
Liabilities	-3.5%	1,031	1,068	1,019	855	820	848	794	791	775	764	804	877	-	1,921	2,966	-	-	3,007	2,602	2,566	2,578
Current Liabilities	-7.0%	275	296	261	257	259	262	231	238	234	233	215	261	226	776	201	188	197	2,684	303	279	269
Long Term Debt	0.1%	534	534	535	366	346	361	336	306	286	266	306	316	286	-	-	-	-	-	1,976	1,975	1,975
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	442	-	-	-	2,412	-	-	-
LT Debt, Non Current	-100.0%	-	534	535	366	346	361	336	306	286	266	306	316	286	-	-	-	-	-	1,976	1,975	1,975
Shareholder's Equity	2.2%	659	645	787	933	691	680	730	724	738	768	888	889	935	1,621	1,983	2,132	2,231	2,371	3,232	3,305	3,399
Retained Earnings	3.6%	-313	-325	-179	-34.54	-273	-280	-228	-233	-211	-177	-52.47	-47.29	-	-204	157	307	405	550	1,412	1,487	1,582
Additional Paid-In Capital	0.4%	982	979	975	972	969	964	962	958	950	945	940	936	-	2,030	2,030	2,030	2,030	2,026	2,024	2,023	2,021
Shares Outstanding	0.2%	102	102	102	102	101	101	100	100	100	100	100	100	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	1,448	-	-	-	595	-	-	-	-	-	-	-	-	17.00	-	-	-	573

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2
Cashflow From Operations	800.5%	59,018	-8,425	9,462	18,920	-8,177	30,794	-11,125	-19,863	9,058	59,875	25,068	-66,039	-100,064	-49,208	939	-25,293	55,574	-22,841	23,300	-11,528	-5,545
Share Based Compensation	13.5%	3,590	3,162	2,859	3,668	4,414	3,688	3,813	8,127	4,531	4,944	4,688	1,134	-	-	-	1.00	4,093	1,543	1,675	1,577	1,542
Cashflow From Investing	-14.8%	-24,130	-21,016	-40,416	-29,855	-28,750	-15,602	-10,227	-11,564	-15,001	-4,874	-13,105	-23,780	-41,635	-33,217	-18,952	-37,716	-43,310	-70,302	-76,151	73,151	30,224
Cashflow From Financing	-1.9%	-4,335	-4,253	159,367	13,576	-19,079	20,900	24,970	16,078	16,187	-43,834	-13,771	27,760	-173,252	-2,290	-	-	-	436,000	-	-	-10.00

Get Full Access to Grufity – and Unlimited Downloads

Gain full access to fair value, watchlists, stock screener, unlimited page visits, and additional features by joining as a member today for just $1.99.

Try For Just $1.99

DO Income Statement

2024-03-31

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total revenues	$ 274,610	$ 232,021
Operating expenses:
Depreciation	31,354	27,906
General and administrative	18,576	19,585
Loss (gain) on disposition of assets	3,396	(1,213)
Total operating expenses	252,797	236,981
Operating income (loss)	21,813	(4,960)
Other income (expense):
Interest income	1,774	7
Interest expense, net of amounts capitalized	(15,346)	(12,040)
Foreign currency transaction gain (loss)	231	(1,271)
Other, net	(71)	(152)
Income (loss) before income tax benefit	8,401	(18,416)
Income tax benefit	3,211	25,645
Net income	$ 11,612	$ 7,229
Earnings per share, Basic	$ 0.11	$ 0.07
Earnings per share, Diluted	$ 0.11	$ 0.07
Weighted-average shares outstanding, Basic	102,440	101,331
Weighted-average shares outstanding, Diluted	104,740	103,936
Contract Drilling [Member]
Revenues:
Total revenues	$ 258,770	$ 214,383
Operating expenses:
Contract drilling, excluding depreciation	184,205	173,490
Reimbursable Expenses [Member]
Revenues:
Total revenues	15,840	17,638
Operating expenses:
Contract drilling, excluding depreciation	$ 15,266	$ 17,213

DO Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands

Mar. 31, 2024

Dec. 31, 2023

Current assets:

Cash and cash equivalents

$ 162,409

$ 124,457

Restricted cash

6,832

14,231

Accounts receivable

225,654

260,124

Less: allowance for credit losses

^[1]

(5,731)

(5,801)

Accounts receivable, net

219,923

254,323

Prepaid expenses and other current assets

57,402

63,412

Asset held for sale

1,000

Total current assets

447,566

457,423

Drilling and other property and equipment, net of accumulated depreciation

1,153,040

1,156,368

Other assets

89,488

98,762

Total assets

1,690,094

1,712,553

Current liabilities:

Accounts payable

40,630

42,037

Accrued liabilities

185,132

203,336

Taxes payable

33,296

34,817

Current finance lease liabilities

16,286

15,960

Total current liabilities

275,344

296,150

Long-term debt

534,009

533,514

Noncurrent finance lease liabilities

108,537

113,201

Deferred tax liability

15,472

10,966

Other liabilities

97,421

113,871

Commitments and contingencies (Note 7)

Total liabilities

1,030,783

1,067,702

Stockholders’ equity:

Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding at March 31, 2024 and December 31, 2023)

Common stock (par value $0.0001, 750,000 shares authorized; 103,399 shares issued and 102,479 shares outstanding at March 31, 2024 and 103,189 shares issued and 102,322 shares outstanding at December 31, 2023)

Additional paid-in capital

982,098

978,575

Treasury stock

(9,154)

(8,493)

Accumulated deficit

(313,649)

(325,261)

Accumulated other comprehensive income

Total stockholders’ equity

659,311

644,851

Total liabilities and stockholders’ equity

$ 1,690,094

$ 1,712,553

[1]

The allowance for credit losses at March 31, 2024 and December 31, 2023 represents our estimate of credit losses associated with our “Trade receivables” and “Current contract assets.” See Note 4 “Financial Instruments and Fair Value Disclosures” for a discussion of our concentrations of credit risk and allowance for credit losses.

About Diamond Offshore Drilling Inc

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2022, the company operated a fleet of 14 offshore drilling rigs, including four drillships, eight semisubmersible rigs, and two managed 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.

CEO	Mr. Bernie G. Wolford
WEBSITE	diamondoffshore.com
INDUSTRY	Oil - E&P
EMPLOYEES	2100

Diamond Offshore Drilling Inc Frequently Asked Questions

What is the ticker symbol for Diamond Offshore Drilling Inc? What does DO stand for in stocks?

DO is the stock ticker symbol of Diamond Offshore Drilling Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Diamond Offshore Drilling Inc (DO)?

As of Fri May 17 2024, market cap of Diamond Offshore Drilling Inc is 1.52 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of DO stock?

You can check DO's fair value in chart for subscribers.

What is the fair value of DO stock?

You can check DO's fair value in chart for subscribers. The fair value of Diamond Offshore Drilling Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Diamond Offshore Drilling Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for DO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Diamond Offshore Drilling Inc a good stock to buy?

The fair value guage provides a quick view whether DO is over valued or under valued. Whether Diamond Offshore Drilling Inc is cheap or expensive depends on the assumptions which impact Diamond Offshore Drilling Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for DO.

What is Diamond Offshore Drilling Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, DO's PE ratio (Price to Earnings) is -37.69 and Price to Sales (PS) ratio is 1.38. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. DO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Diamond Offshore Drilling Inc's stock?

In the past 10 years, Diamond Offshore Drilling Inc has provided -0.115 (multiply by 100 for percentage) rate of return.