Diamond Offshore Drilling, Inc. (DO)
NYSE: DO · IEX Real-Time Price · USD
15.96
-0.14 (-0.87%)
At close: Jul 19, 2024, 4:00 PM
16.05
+0.09 (0.56%)
After-hours: Jul 20, 2024, 12:57 PM EDT
Diamond Offshore Drilling Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for DO stock have an average target of 20.75, with a low estimate of 20 and a high estimate of 22. The average target predicts an increase of 30.01% from the current stock price of 15.96.
Analyst Consensus: Strong Buy
* Price targets were last updated on May 10, 2024.
Analyst Ratings
The average analyst rating for DO stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 2 | 2 | 3 | 3 | 3 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 3 | 3 | 4 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $21 → $22 | Buy | Maintains | $21 → $22 | +37.84% | May 10, 2024 |
| Barclays | Barclays | Buy Maintains $23 → $21 | Buy | Maintains | $23 → $21 | +31.58% | Mar 5, 2024 |
| Capital One | Capital One | Buy Initiates $20 | Buy | Initiates | $20 | +25.31% | Nov 28, 2023 |
| BTIG | BTIG | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | +25.31% | Sep 5, 2023 |
| RBC Capital | RBC Capital | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Apr 22, 2020 |
Financial Forecast
Revenue This Year
1.04B
from 1.06B
Decreased by -1.15%
Revenue Next Year
1.14B
from 1.04B
Increased by 9.58%
EPS This Year
0.46
from -0.44
EPS Next Year
1.98
from 0.46
Increased by 331.49%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.1B | 1.2B | 1.3B |
| Avg | 1.0B | 1.1B | 1.1B |
| Low | 971.2M | 959.4M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.6% | 19.3% | 10.1% |
| Avg | -1.2% | 9.6% | 0.4% |
| Low | -8.0% | -8.1% | -11.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.58 | 2.12 | 2.69 |
| Avg | 0.46 | 1.98 | 2.39 |
| Low | 0.35 | 1.77 | 2.02 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 361.2% | 35.5% |
| Avg | - | 331.5% | 20.7% |
| Low | - | 284.2% | 1.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.