Diamond Stock Today

Stocks . USA . 
Stock . Diamond Offshore Drilling
DO Stock  USD 10.67  0.32  2.91%   

Market Performance

10 of 100

Odds Of Distress

Less than 30

Diamond Offshore is selling at 10.67 as of the 26th of March 2023; that is -2.91% down since the beginning of the trading day. The stock's open price was 10.99. Diamond Offshore has about a 30 percent probability of financial distress in the next few years of operation but had a somewhat ok performance during the last 90 days. Equity ratings for Diamond Offshore Drilling are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of February 2023 and ending today, the 26th of March 2023. Click here to learn more.
Fiscal Year End
December
Business Domain
Energy
IPO Date
11th of October 1995
Category
Energy
Classification
Energy
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company was founded in 1953 and is headquartered in Houston, Texas. Diamond Offshore operates under Oil Gas Drilling classification in the United States and is traded on New York Stock Exchange. The company has 101.32 M outstanding shares of which 3.19 M shares are currently sold short in the market by investors with about 2.49 days to cover all shorted shares. More on Diamond Offshore Drilling

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Diamond Offshore Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Diamond Offshore's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Diamond Offshore or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOMarc Edwards
SEC FilingsDiamond Offshore Security & Exchange Commission EDGAR Reports
Thematic Ideas
(view all).
Fama & French Classification
Oil And Gas
Build Portfolio
Average Analyst Recommendation
Analysts covering Diamond Offshore report their recommendations after researching Diamond Offshore's financial statements, talking to executives and customers, or listening in on Diamond Offshore's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Diamond Offshore Drilling. The Diamond consensus assessment is calculated by taking the average forecast from all of the analysts covering Diamond Offshore.
Strong Sell8 Opinions
Piotroski F Score
Piotroski F-Score is a popular financial indicator that puts together nine criteria to evaluate the financial strength of Diamond Offshore Drilling based on its profitability, leverage, liquidity, source of funds, and operating efficiency. It is an academic score (developed by Joseph Piotroski in 2002) to determine the current strength of Diamond Offshore Drilling financial position. Scores of 8 and 9 are usually classified as strong value stocks, whereas scores of 2 or below are considered weak value stocks.
PoorDetails
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Average Shares Diluted90 M90.5 M
Slightly Down
Down
Slightly volatile
Weighted Average Shares90 M90.5 M
Slightly Down
Down
Slightly volatile
Net Cash Flow from Operations7.9 M8 M
Slightly Down
Down
Slightly volatile
Current Liabilities234.1 M235.5 M
Slightly Down
Down
Slightly volatile
Total Liabilities759 M763.5 M
Slightly Down
Down
Slightly volatile
Gross Margin0.110.11
Steady
Down
Slightly volatile
Total Debt455.4 M458.1 M
Slightly Down
Down
Slightly volatile
Asset Turnover0.490.5
Fairly Down
Down
Slightly volatile
Current Assets284.6 M286.3 M
Slightly Down
Down
Slightly volatile
Total Assets1.4 B1.4 B
Slightly Down
Down
Slightly volatile
Macroaxis Advice
The buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Diamond Offshore's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Cautious HoldOvervalued
Financial Strength
Diamond Offshore's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Diamond Offshore's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Diamond Offshore's financial leverage. It provides some insight into what part of Diamond Offshore's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Diamond Offshore's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Diamond Offshore deploys its capital and how much of that capital is borrowed.
Diamond Offshore Drilling (DO) is traded on New York Stock Exchange in USA. It is located in 15415 Katy Freeway, Houston, TX, United States, 77094-1810 and employs 2,100 people. Diamond Offshore is listed under Energy Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a market capitalization of 1.08 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Diamond Offshore's market, we take the total number of its shares issued and multiply it by Diamond Offshore's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Diamond Offshore Drilling is active under Energy Equipment & Services sector as part of Energy industry. The entity has 101.32 M outstanding shares of which 3.19 M shares are currently sold short in the market by investors with about 2.49 days to cover all shorted shares. Diamond Offshore Drilling reports about 63.04 M in cash with 8.86 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.22.
Check Diamond Offshore Probability Of Bankruptcy
Ownership
Diamond Offshore holds a total of one hundred one million three hundred twenty thousand outstanding shares. The majority of Diamond Offshore Drilling outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Diamond Offshore Drilling to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Diamond Offshore. Please pay attention to any change in the institutional holdings of Diamond Offshore Drilling as this could imply that something significant has changed or about to change at the company. Also note that almost one million thirteen thousand two hundred invesors are currently shorting Diamond Offshore expressing very little confidence in its future performance.

Ownership Allocation

Check Diamond Ownership Details

Diamond Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Diamond Offshore jumping above the current price in 90 days from now is about 69.8%. The Diamond Offshore Drilling probability density function shows the probability of Diamond Offshore stock to fall within a particular range of prices over 90 days. Allowing for the 90-day total investment horizon the stock has a beta coefficient of 2.4546 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Diamond Offshore will likely underperform. Additionally, the company has an alpha of 0.4583, implying that it can generate a 0.46 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 10.67HorizonTargetOdds Above 10.67
30.08%90 days
 10.67 
69.80%
Based on a normal probability distribution, the odds of Diamond Offshore to move above the current price in 90 days from now is about 69.8 (This Diamond Offshore Drilling probability density function shows the probability of Diamond Stock to fall within a particular range of prices over 90 days) .

Diamond Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Diamond Offshore that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Diamond Offshore's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Diamond Offshore's value.
InstituionLast TransactionTypeSharesValue
Contrarius Investment Management Ltd2022-12-31Common Shares9 M93.4 M
Lasry Marc2022-03-31Common Shares12.5 M89.4 M
Blackrock Inc2022-12-31Common Shares8.1 M84 M
Kgh Ltd2022-12-31Common Shares7.2 M75.4 M
Wellington Management Group Llp2022-12-31Common Shares6.7 M69.7 M
Vanguard Group Inc2022-12-31Common Shares5.7 M59.3 M
Capital World Investors2022-12-31Common Shares5.2 M53.9 M
Shenkman Capital Management Inc2022-12-31Common Shares4 M39.8 M
State Street Corp2022-12-31Common Shares2.8 M28.9 M
Neuberger Berman Group Llc2022-12-31Common Shares2.6 M26.9 M
State Farm Mutual Automobile Insurance Co2022-12-31Common Shares1.8 M19 M
View Diamond Offshore Diagnostics

Diamond Offshore Historical Income Statement

Diamond Offshore Drilling Income Statement is one of the three primary financial statements used for reporting Diamond's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Diamond Offshore Drilling revenue and expense. Diamond Offshore Income Statement primarily focuses on the company's revenues and expenses during a particular period.
As of 26th of March 2023, Direct Expenses is likely to grow to about 1.2 B View More Fundamentals
Earning Before Interest and Taxes EBIT  Net Income  Revenues  

Diamond Stock Against Markets

Picking the right benchmark for Diamond Offshore stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Diamond Offshore stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Diamond Offshore is critical whether you are bullish or bearish towards Diamond Offshore Drilling at a given time.
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Be your own money manager

Our tools can tell you how much better you can do entering a position in Diamond Offshore without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Diamond Offshore Corporate Directors

Diamond Offshore corporate directors refer to members of a Diamond Offshore board of directors. The board of directors generally takes responsibility for the Diamond Offshore's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Diamond Offshore's board members must vote for the resolution. The Diamond Offshore board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Andrew TischIndependent DirectorProfile
John BoltonIndependent DirectorProfile
Darren DaughertyDirector of Investor RelationsProfile
Raymond TroubhLead Independent DirectorProfile

How to buy Diamond Stock?

Before investing in Diamond Offshore, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Diamond Offshore. To buy Diamond Offshore stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Diamond Offshore. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Diamond Offshore stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Diamond Offshore Drilling stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Diamond Offshore Drilling stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Diamond Offshore Drilling, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Diamond Stock please use our How to Invest in Diamond Offshore guide.

Already Invested in Diamond Offshore Drilling?

The danger of trading Diamond Offshore Drilling is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Diamond Offshore is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Diamond Offshore. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Diamond Offshore Drilling is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Investing Opportunities. To learn how to invest in Diamond Stock please use our How to Invest in Diamond Offshore guide. You can also try Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for analysis

When running Diamond Offshore Drilling price analysis, check to measure Diamond Offshore's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Diamond Offshore is operating at the current time. Most of Diamond Offshore's value examination focuses on studying past and present price action to predict the probability of Diamond Offshore's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Diamond Offshore's price. Additionally, you may evaluate how the addition of Diamond Offshore to your portfolios can decrease your overall portfolio volatility.
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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
(1.11) 
Revenue Per Share
7.207
Quarterly Revenue Growth
0.128
Return On Assets
(0.0279) 
Return On Equity
(0.14) 
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.
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M Score
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Buy or Sell
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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 Diamond Offshore value 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.
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