Diamond Offshore Drilling, Inc. (DO)
NYSE: DO · IEX Real-Time Price · USD
12.97
-0.04 (-0.31%)
Apr 26, 2024, 11:02 AM EDT - Market open
Diamond Offshore Drilling Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for DO stock have an average target of 20.33, with a low estimate of 20 and a high estimate of 21. The average target predicts an increase of 56.75% from the current stock price of 12.97.
Analyst Consensus: Strong Buy
* Price targets were last updated on Mar 5, 2024.
Analyst Ratings
The average analyst rating for DO stock from 3 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 2 | 2 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 2 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy Maintains $23 → $21 | Buy | Maintains | $23 → $21 | +61.91% | Mar 5, 2024 |
| Capital One | Capital One | Buy Initiates $20 | Buy | Initiates | $20 | +54.20% | Nov 28, 2023 |
| BTIG | BTIG | Strong Buy Initiates $20 | Strong Buy | Initiates | $20 | +54.20% | Sep 5, 2023 |
| RBC Capital | RBC Capital | Hold → Sell Downgrades n/a | Hold → Sell | Downgrades | n/a | n/a | Apr 22, 2020 |
| Citigroup | Citigroup | Strong Sell Maintains n/a | Strong Sell | Maintains | n/a | n/a | Mar 23, 2020 |
Financial Forecast
Revenue This Year
1.04B
from 1.06B
Decreased by -1.91%
Revenue Next Year
1.12B
from 1.04B
Increased by 8.30%
EPS This Year
0.41
from -0.44
EPS Next Year
1.99
from 0.41
Increased by 382.75%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.1B | 1.2B | 1.2B |
| Avg | 1.0B | 1.1B | 1.2B |
| Low | 961.4M | 951.6M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.6% | 19.9% | 9.4% |
| Avg | -1.9% | 8.3% | 3.0% |
| Low | -9.0% | -8.1% | -9.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.66 | 2.22 | 3.00 |
| Avg | 0.41 | 1.99 | 2.36 |
| Low | 0.17 | 1.68 | 1.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | - | 438.0% | 51.1% |
| Avg | - | 382.7% | 18.6% |
| Low | - | 306.9% | -1.9% |
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.