Diamond Offshore Drilling Stock Buy Hold or Sell Recommendation
DO Stock | USD 13.58 0.27 2.03% |
Allowing for the 90-day total investment horizon and your above-average risk tolerance, our recommendation regarding Diamond Offshore Drilling is 'Hold'. Macroaxis provides Diamond Offshore buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding DO positions. The advice algorithm takes into account all of Diamond Offshore's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Diamond Offshore's buy or sell advice are summarized below:
Real Value 15.6 | Target Price 18 | Hype Value 13.56 | Market Value 13.58 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Diamond Offshore Drilling given historical horizon and risk tolerance towards Diamond Offshore. When Macroaxis issues a 'buy' or 'sell' recommendation for Diamond Offshore Drilling, the advice is generated through an automated system that utilizes algorithms and statistical models.
Diamond |
Execute Diamond Offshore Buy or Sell Advice
The Diamond recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Diamond Offshore Drilling. Macroaxis does not own or have any residual interests in Diamond Offshore Drilling or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Diamond Offshore's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
Hold
Market Performance | Insignificant | Details | |
Volatility | Not too volatile | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Diamond Offshore Trading Alerts and Improvement Suggestions
The company generated the yearly revenue of 1.06 B. Annual Net Loss to common stockholders was (44.71 M) with gross profit of 162.46 M. | |
Diamond Offshore has a frail financial position based on the latest SEC disclosures | |
Over 91.0% of the company shares are held by institutions such as insurance companies | |
Latest headline from aol.com: Could Marys Place be saved As demolition nears for the historic South Hill home, its fate remains uncertain |
Diamond Offshore Returns Distribution Density
The distribution of Diamond Offshore's historical returns is an attempt to chart the uncertainty of Diamond Offshore's future price movements. The chart of the probability distribution of Diamond Offshore daily returns describes the distribution of returns around its average expected value. We use Diamond Offshore Drilling price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Diamond Offshore returns is essential to provide solid investment advice for Diamond Offshore.
Mean Return | 0.14 | Value At Risk | -2.94 | Potential Upside | 3.48 | Standard Deviation | 2.31 |
Return Density |
Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Diamond Offshore historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Diamond Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Diamond Offshore is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Diamond Offshore Drilling backward and forwards among themselves. Diamond Offshore's institutional investor refers to the entity that pools money to purchase Diamond Offshore's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares | Neuberger Berman Group Llc | 2023-12-31 | 2.2 M | Geode Capital Management, Llc | 2023-12-31 | 2.2 M | Contrarius Investment Management Ltd | 2023-12-31 | 1.9 M | Webs Creek Capital Management Lp | 2023-12-31 | 1.9 M | Balyasny Asset Management Llc | 2023-12-31 | 1.9 M | State Farm Mutual Automobile Ins Co | 2023-12-31 | 1.8 M | Adage Capital Partners Gp Llc | 2023-12-31 | 1.8 M | Edmond De Rothschild Holding S.a. | 2023-12-31 | 1.8 M | Fmr Inc | 2023-12-31 | 1.4 M | Blackrock Inc | 2023-12-31 | 8.5 M | Key Group Holdings (cayman), Ltd. | 2023-12-31 | 6.9 M |
Diamond Offshore Cash Flow Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Change In Cash | 2.2M | 274.1M | (367.7M) | 34.6M | (51.0M) | (48.4M) | |
Free Cash Flow | (317.0M) | (181.1M) | (173.1M) | (51.2M) | (119.7M) | (113.7M) | |
Depreciation | 355.6M | 320.1M | 161.3M | 103.5M | 111.3M | 105.7M | |
Other Non Cash Items | 65.8M | 841.5M | 1.9B | (24.2M) | (16.2M) | (15.4M) | |
Capital Expenditures | 326.1M | 189.5M | 91.9M | 60.0M | 131.4M | 124.9M | |
Net Income | (357.2M) | (1.3B) | (2.1B) | (103.2M) | (44.7M) | (42.5M) | |
End Period Cash Flow | 156.3M | 430.4M | 62.7M | 97.3M | 46.4M | 44.1M | |
Change To Netincome | 51.8M | 828.0M | 1.9B | (3.5M) | (4.1M) | (3.9M) |
Diamond Offshore Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Diamond Offshore or Energy Equipment & Services sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Diamond Offshore's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Diamond stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.03 | |
β | Beta against NYSE Composite | 1.24 | |
σ | Overall volatility | 2.39 | |
Ir | Information ratio | 0.02 |
Diamond Offshore Volatility Alert
Diamond Offshore Drilling currently demonstrates below-average downside deviation. It has Information Ratio of 0.02 and Jensen Alpha of 0.03. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Diamond Offshore's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Diamond Offshore's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Diamond Offshore Fundamentals Vs Peers
Comparing Diamond Offshore's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Diamond Offshore's direct or indirect competition across all of the common fundamentals between Diamond Offshore and the related equities. This way, we can detect undervalued stocks with similar characteristics as Diamond Offshore or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Diamond Offshore's fundamental indicators could also be used in its relative valuation, which is a method of valuing Diamond Offshore by comparing valuation metrics with those of similar companies.
Better Than Average | Worse Than Average | Compare Diamond Offshore to competition |
Fundamentals | Diamond Offshore | Peer Average |
Return On Equity | -0.0675 | -0.31 |
Return On Asset | 0.018 | -0.14 |
Profit Margin | (0.05) % | (1.27) % |
Operating Margin | 0.16 % | (5.51) % |
Current Valuation | 1.94 B | 16.62 B |
Shares Outstanding | 102.47 M | 571.82 M |
Shares Owned By Insiders | 1.04 % | 10.09 % |
Shares Owned By Institutions | 91.37 % | 39.21 % |
Number Of Shares Shorted | 4.22 M | 4.71 M |
Price To Earning | 183.80 X | 28.72 X |
Price To Book | 2.23 X | 9.51 X |
Price To Sales | 1.46 X | 11.42 X |
Revenue | 1.06 B | 9.43 B |
Gross Profit | 162.46 M | 27.38 B |
EBITDA | 157.98 M | 3.9 B |
Net Income | (44.71 M) | 570.98 M |
Cash And Equivalents | 63.04 M | 2.7 B |
Cash Per Share | 0.22 X | 5.01 X |
Total Debt | 700.55 M | 5.32 B |
Debt To Equity | 0.69 % | 48.70 % |
Current Ratio | 1.30 X | 2.16 X |
Book Value Per Share | 6.30 X | 1.93 K |
Cash Flow From Operations | 11.78 M | 971.22 M |
Short Ratio | 2.59 X | 4.00 X |
Earnings Per Share | (0.44) X | 3.12 X |
Price To Earnings To Growth | 0.03 X | 4.89 X |
Target Price | 19.2 | |
Number Of Employees | 2.14 K | 18.84 K |
Beta | 1.28 | -0.15 |
Market Capitalization | 1.36 B | 19.03 B |
Total Asset | 1.71 B | 29.47 B |
Retained Earnings | (325.26 M) | 9.33 B |
Working Capital | 161.27 M | 1.48 B |
Note: Acquisition by Douglas Patrice D of 9562 shares of Diamond Offshore subject to Rule 16b-3 [view details]
Diamond Offshore Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Diamond . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Diamond Offshore Buy or Sell Advice
When is the right time to buy or sell Diamond Offshore Drilling? Buying financial instruments such as Diamond Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 446.5M | 522.5M | 700.5M | 1.3B | Total Assets | 1.5B | 1.5B | 1.7B | 1.6B |
Use Investing Ideas to Build Portfolios
In addition to having Diamond Offshore in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies involved in mining, production, and distribution of silver and silver goods. The Silver theme has 38 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Silver Theme or any other thematic opportunities.
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Check out Diamond Offshore Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.
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Is Diamond Offshore's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Diamond Offshore. If investors know Diamond will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Diamond Offshore listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.44) | Revenue Per Share 9.662 | Quarterly Revenue Growth 0.346 | Return On Assets 0.018 | Return On Equity (0.07) |
The market value of Diamond Offshore Drilling is measured differently than its book value, which is the value of Diamond that is recorded on the company's balance sheet. Investors also form their own opinion of Diamond Offshore's value that differs from its market value or its book value, called intrinsic value, which is Diamond Offshore's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Diamond Offshore's market value can be influenced by many factors that don't directly affect Diamond Offshore's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Diamond Offshore's value and its price as these two are different measures arrived at by different means. Investors typically determine if Diamond Offshore is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Diamond Offshore's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.