Diamond Offshore Drilling, Inc. (DO)

NYSE: DO · IEX Real-Time Price · USD
15.39
+0.27 (1.79%)
Jul 2, 2024, 4:00 PM EDT - Market closed
1.79%
Market Cap 1.58B
Revenue (ttm) 1.10B
Net Income (ttm) -40.32M
Shares Out 102.48M
EPS (ttm) -0.40
PE Ratio n/a
Forward PE 19.19
Dividend n/a
Ex-Dividend Date n/a
Volume 1,557,918
Open 15.24
Previous Close 15.12
Day's Range 15.16 - 15.45
52-Week Range 11.02 - 17.32
Beta 1.41
Analysts Strong Buy
Price Target 20.75 (+34.83%)
Earnings Date Aug 5, 2024

About DO

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2023, the company operated a fleet of 13 offshore drilling rigs, including four drillships, seven semisubmersible rigs, and two managed rigs. It serves independent oil and gas companies, and government-owned oil companies. Diamond Offshore Drilling, Inc. was founded in 1953 and is headquartered in Houston, Texas. [Read more]

Sector Energy
Founded 1978
Employees 2,140
Stock Exchange NYSE
Ticker Symbol DO
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for DO stock is "Strong Buy." The 12-month stock price forecast is $20.75, which is an increase of 34.83% from the latest price.

Price Target
$20.75
(34.83% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, SGRP on Behalf of Shareholders

NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: SGRP
14 days ago - GlobeNewsWire

DIAMOND OFFSHORE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diamond Offshore Drilling, Inc. - DO

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diamond Offshore...

Other symbols: NE
20 days ago - Business Wire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, MGRC on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: MGRC
21 days ago - Accesswire

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. - DO

NEW YORK , June 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securiti...

21 days ago - PRNewsWire

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates DO, ICCH on Behalf of Shareholders

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breac...

Other symbols: ICCH
21 days ago - Accesswire

Shareholder Alert: Ademi LLP investigates whether Diamond Offshore Drilling, Inc. has obtained a Fair Price for its Public Shareholders

MILWAUKEE , June 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Diamond (NYSE: DO) for possible breaches of fiduciary duty and other violations of law in its transaction with Noble. Click here to...

21 days ago - PRNewsWire

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Diamond Offshore Drilling, Inc.

NEW YORK , June 10, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Diamond Offshore Drilling, Inc. (NYSE: DO) and its board of directors concerning the pr...

Other symbols: NE
22 days ago - PRNewsWire

STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates Merger of Diamond Offshore Drilling, Inc. – DO

NEW YORK, June 10, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Secur...

22 days ago - GlobeNewsWire

Noble To Buy Diamond Offshore Drilling: What To Know

If Noble's bid for Diamond Offshore goes through, it will create one of the world's largest offshore drilling companies.

Other symbols: NE
22 days ago - Kiplinger

DO STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of Diamond Offshore Drilling, Inc. Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Diamond Offshore Drilling, Inc. (NYSE: DO) to Noble Corporation plc for 0.2316 shares of ...

22 days ago - Business Wire

Diamond Offshore Is Being Acquired. The Oil Sector Keeps Consolidating.

Noble Corp. is buying Diamond Offshore Drilling in a deal valued at about $1.6 billion.

Other symbols: BNODBOGUSHIEOOIHPXJUCO
22 days ago - Barrons

Driller Noble to buy Diamond Offshore for $1.6 billion

Consolidation in the oil industry continues, with offshore drilling contractor Noble Corp. on Monday announcing a cash-and-stock deal for rival Diamond Offshore Drilling.

Other symbols: NE
22 days ago - Market Watch

Noble Corporation acquires Diamond Offshore Drilling in $1.6-billion deal

Noble Corporation plc announced on Monday that it will acquire Diamond Offshore Drilling Inc. in a deal valued at $1.6 billion. Noble will pay $5.65 per share, representing an 11.4% premium over Diamo...

Other symbols: NE
22 days ago - Invezz

US oil driller Noble Corp to buy Diamond Offshore for about $1.6 bln

Noble Corp will buy smaller rival Diamond Offshore Drilling in a cash-and-stock deal worth around $1.59 billion, the latest in a series of buyouts in a sector undergoing massive consolidation.

Other symbols: NE
22 days ago - Reuters

Noble Corporation plc announces agreement to acquire Diamond Offshore Drilling, Inc.

SUGAR LAND, Texas , June 10, 2024 /PRNewswire/ -- Noble Corporation plc ("Noble") (CSE: NOBLE) (NYSE: NE) and Diamond Offshore Drilling, Inc ("Diamond") (NYSE: DO) announced today that they have enter...

Other symbols: NE
22 days ago - PRNewsWire

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT

HOUSTON , May 15, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with Anadarko Petroleum Corporation, a wholly-owned...

6 weeks ago - PRNewsWire

Diamond Offshore Reports First Quarter 2024 Results

Secured $731 million in contract awards year to date, including $713 million in Q1 Total backlog was $1.9 billion as of April 1, 2024 Ocean GreatWhite repairs progressing well; expected back on locati...

2 months ago - PRNewsWire

DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTS

HOUSTON , April 17, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its first quarter 2024 operating results on Tuesday, May 7, 2024 after the mark...

2 months ago - PRNewsWire

Diamond Offshore Reports Fourth Quarter 2023 Results

$362 Million in Contract Awards Year to Date 2024 $245 Million in Total Backlog Added in Q4 Rig Performance Bonus Earned in Senegal Ocean BlackHawk and Ocean Courage Commenced New Contracts in Q4 HOUS...

4 months ago - PRNewsWire

DIAMOND OFFSHORE ANNOUNCES NEW FLOATER COMMITMENTS

HOUSTON , Feb. 8, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S. Gulf of Mexico ...

5 months ago - PRNewsWire

DIAMOND OFFSHORE TO RELEASE FOURTH QUARTER 2023 RESULTS

HOUSTON , Feb. 6, 2024 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its fourth quarter 2023 operating results on Tuesday, February 27, 2024 after the...

5 months ago - PRNewsWire

DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP CONTRACT

HOUSTON , Nov. 13, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today announced it has entered into a drilling contract with an independent operator to utilize the Ocean BlackRhino ...

8 months ago - PRNewsWire

Diamond Offshore Reports Third Quarter 2023 Results and Announces Contract Awards of $240 Million

Awarded $240 Million in New Contracts, including a 35-well P&A Campaign for the Ocean Patriot Issued $550 Million 8.5% Senior Secured Second Lien Notes due 2030 7th Performance Bonus Earned by Senegal...

8 months ago - PRNewsWire

DIAMOND OFFSHORE TO RELEASE THIRD QUARTER 2023 RESULTS

HOUSTON , Oct. 17, 2023 /PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) announced today that it will release its third quarter 2023 operating results on Monday, November 6, 2023 after the m...

9 months ago - PRNewsWire

Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc.

HOUSTON--(BUSINESS WIRE)---- $DO #comanager--Pickering Energy Partners Acted as Co-Manager to Diamond Offshore Drilling, Inc. (NYSE: DO).

10 months ago - Business Wire