DO - Diamond Offshore Drilling Inc Stock Price, Fair Value and News

13.81USD-0.21 (-1.50%)Market Closed

Market Summary

USD13.81-0.21

Market Closed

-1.50%

DO Alerts

1 major insider sales recently.

DO Stock Price

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DO RSI Chart

DO Valuation

Market Cap

1.4B

Price/Earnings (Trailing)

-32.13

Price/Sales (Trailing)

1.36

EV/EBITDA

46.5

Price/Free Cashflow

-12

DO Price/Sales (Trailing)

DO Profitability

EBT Margin

-1.30%

Return on Equity

-6.93%

Return on Assets

-2.61%

Free Cashflow Yield

-8.33%

DO Fundamentals

DO Revenue

Revenue (TTM)

1.1B

Rev. Growth (Yr)

33.31%

Rev. Growth (Qtr)

21.51%

DO Earnings

Earnings (TTM)

-44.7M

Earnings Growth (Yr)

-177.86%

Earnings Growth (Qtr)

-0.47%

Breaking Down DO Revenue

52 Week Range

14.14

(Low)(High)

Last 7 days

-3.8%

Last 30 days

10.1%

Last 90 days

15.6%

How does DO drawdown profile look like?

DO Financial Health

Current Ratio

1.54

Debt/Equity

0.83

Debt/Cashflow

0.02

DO Investor Care

Dividend Yield

4.15%

Dividend/Share (TTM)

0.5

Shares Dilution (1Y)

1.13%

Diluted EPS (TTM)

-0.46

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	887.1M	962.9M	981.8M	1.1B
2022	742.3M	833.1M	845.3M	841.3M
2021	639.3M	610.5M	633.0M	725.4M
2020	976.3M	957.8M	842.0M	733.7M
2019	1.0B	969.1M	936.8M	980.6M
2018	1.4B	1.3B	1.2B	1.1B
2017	1.5B	1.5B	1.5B	1.5B
2016	2.3B	2.0B	1.8B	1.6B
2015	2.7B	2.7B	2.5B	2.4B
2014	2.9B	2.8B	2.9B	2.8B
2013	2.9B	3.0B	2.9B	2.9B
2012	3.3B	3.1B	3.0B	3.0B
2011	3.3B	3.3B	3.4B	3.3B
2010	3.6B	3.5B	3.4B	3.3B
2009	3.6B	3.6B	3.6B	3.6B
2008	0	2.9B	3.2B	3.5B
2007	0	0	0	2.6B

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Diamond Offshore Drilling Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 19, 2024	savarino dominic a	sold	-171,080	13.16	-13,000	senior vice president and cfo
Mar 05, 2024	roland david l	sold	-59,951	11.9903	-5,000	svp, general counsel and sec
Mar 01, 2024	savarino dominic a	sold	-60,058	11.7624	-5,106	senior vice president and cfo
Jan 18, 2024	roland david l	acquired	-	-	9,583	svp, general counsel and sec
Jan 18, 2024	savarino dominic a	acquired	-	-	12,321	senior vice president and cfo
Jan 18, 2024	roland david l	sold (taxes)	-35,155	12.37	-2,842	svp, general counsel and sec
Jan 18, 2024	wolford bernie g.	acquired	-	-	39,428	president and ceo
Jan 18, 2024	wolford bernie g.	sold (taxes)	-97,549	12.37	-7,886	president and ceo
Jan 18, 2024	savarino dominic a	sold (taxes)	-45,200	12.37	-3,654	senior vice president and cfo
Nov 10, 2023	savarino dominic a	sold	-65,034	12.7369	-5,106	senior vice president and cfo

Which funds bought or sold DO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 11, 2024	MARYLAND CAPITAL ADVISORS INC.	new	-	28,672	28,672	0.02%
Apr 05, 2024	GAMMA Investing LLC	added	31.01	2,359	7,434	-%
Apr 05, 2024	CWM, LLC	added	2.69	4,000	54,000	-%
Mar 22, 2024	PNC Financial Services Group, Inc.	sold off	-100	-1,688	-	-%
Mar 11, 2024	VANGUARD GROUP INC	added	3.49	-7,053,690	77,392,400	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	119	3,606,930	7,416,530	-%
Mar 01, 2024	Creekmur Asset Management LLC	new	-	3,900	3,900	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	reduced	-0.4	-87,991	657,826	-%
Feb 26, 2024	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	-179,000	1,389,000	0.01%
Feb 16, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	9.32	-11,000	331,000	-%

Are Funds Buying or Selling DO?

Are funds buying DO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own DO

No. of Funds

DO Alerts

1 major insider sales recently.

Unveiling Diamond Offshore Drilling Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.82%	5,953,262	SC 13G/A
Feb 13, 2024	kgh ltd	6.7%	6,887,848	SC 13G/A
Feb 12, 2024	contrarius investment management ltd	1.9%	1,918,894	SC 13G/A
Feb 09, 2024	capital research global investors	5.7%	5,845,250	SC 13G
Feb 09, 2024	capital world investors	0.4%	392,012	SC 13G/A
Feb 08, 2024	wellington management group llp	3.95%	4,045,884	SC 13G/A
Jan 25, 2024	blackrock inc.	8.3%	8,461,107	SC 13G/A
Jul 12, 2023	kgh ltd	7.5%	7,553,202	SC 13G/A
Feb 14, 2023	kgh ltd	7.1%	7,249,478	SC 13G/A
Feb 13, 2023	capital world investors	5.2%	5,273,358	SC 13G

Recent SEC filings of Diamond Offshore Drilling Inc

View All Filings

Date Filed	Form Type	Document
Mar 28, 2024	ARS	ARS
Mar 28, 2024	DEF 14A	DEF 14A
Mar 28, 2024	DEFA14A	DEFA14A
Mar 19, 2024	4	Insider Trading
Mar 15, 2024	3	Insider Trading
Mar 15, 2024	8-K	Current Report
Mar 15, 2024	8-K	Current Report
Mar 07, 2024	144	Notice of Insider Sale Intent
Mar 06, 2024	4	Insider Trading
Mar 05, 2024	144	Notice of Insider Sale Intent

Diamond Offshore Drilling Inc News

Latest updates

Diamond Offshore Drilling Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

Income Statement (Quarterly)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	21.5%	297,637,000	244,958,000	281,563,000	232,021,000	223,264,000	226,073,000	205,702,000	186,239,000	227,278,000	213,877,000	114,911,000	169,379,000	134,817,000	168,057,000	138,257,000	198,203,000	229,170,000	276,376,000	254,020,000	216,706,000	233,542,000
Costs and Expenses	3.5%	252,720,500	244,095,000	271,323,000	236,981,000	235,455,000	233,648,000	215,465,000	220,155,000	354,574,000	210,613,000	142,059,000	496,438,000	432,028,000	302,061,000	227,475,000	281,685,000	1,075,607,000	325,245,000	326,854,000	328,206,000	282,669,000
S&GA Expenses	15.3%	19,190,000	16,649,000	16,824,000	19,585,000	17,391,000	16,320,000	19,753,000	16,732,000	16,301,000	20,976,000	16,217,000	15,036,000	12,366,000	12,098,000	12,781,000	15,701,000	16,345,000	16,442,000	18,830,000	15,294,000	17,312,000
EBITDA Margin	295.1%	0.04	-0.02	-0.02	-0.04	-0.08	-0.21	-0.20	-0.25	-2.92	-3.66	-4.21	-4.17	-1.13	-	-	-	-	-	-	-	-
Interest Expenses	7.8%	14,847,000	13,774,000	12,755,000	12,040,000	11,631,000	10,364,000	10,103,000	8,325,000	9,306,000	9,777,000	7,097,000	34,827,000	32,562,000	-167,000	98,000	10,333,000	32,321,000	30,650,000	31,098,000	31,159,000	29,925,000
Income Taxes	39.0%	174,322,500	125,400,000	-243,100,000	-25,645,000	25,664,000	-23,029,000	3,623,000	-8,653,000	-13,563,000	-2,086,000	17,303,000	-39,404,000	-2,200,000	-1,433,000	95,000	-3,949,000	-15,899,000	-5,902,000	-7,482,000	-27,354,000	-4,062,000
Earnings Before Taxes	246.1%	28,615,000	-19,580,000	-4,342,000	-18,416,000	-26,774,000	-17,519,000	-18,306,000	-43,007,000	-138,432,000	-7,268,000	-29,990,000	-2,001,393,000	-363,881,000	-150,971,000	-98,511,000	-148,769,000	-877,839,000	-80,672,000	-102,610,000	-141,342,000	-77,390,000
EBT Margin	81.5%	-0.01	-0.07	-0.07	-0.09	-0.13	-0.26	-0.25	-0.29	-3.00	-3.80	-4.34	-4.28	-1.19	-	-	-	-	-	-	-	-
Net Income	-0.5%	-145,702,000	-145,016,000	238,783,000	7,229,000	-52,438,000	5,510,000	-21,929,000	-34,354,000	1,033,469,500	-5,182,000	-47,293,000	-1,961,989,000	-361,681,000	-149,538,000	-98,606,000	-144,820,000	-861,940,000	-74,770,000	-95,128,000	-113,988,000	-73,328,000
Net Income Margin	-185.6%	-0.04	0.05	0.21	-0.07	-0.12	1.16	1.17	1.28	-1.35	-3.75	-4.29	-4.21	-1.18	-	-	-	-	-	-	-	-
Free Cashflow	-27.1%	-39,996,000	-31,463,000	-10,620,000	-37,590,000	13,424,000	-21,425,000	-32,170,000	-10,988,000	54,908,000	11,196,000	-90,012,000	-149,183,000	-89,825,000	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-5.2%	1,713	1,806	1,788	1,511	1,528	1,524	1,515	1,513	1,531	1,692	1,765	1,723	4,679	4,948	5,102	5,281	5,378	5,834	5,871	5,977	6,112
Current Assets	-4.9%	457	481	384	285	318	301	275	255	272	285	333	304	582	625	652	785	844	477	514	591	733
Cash Equivalents	-15.2%	124	147	30.00	19.00	63.00	23.00	43.00	54.00	38.00	27.00	26.00	80.00	311	406	423	486	499	156	209	148	123
Net PPE	-	-	-	-	-	-	-	-	-	1,176	-	-	-	3,900	4,123	4,243	4,286	4,330	5,153	5,151	5,164	5,171
Liabilities	4.8%	1,068	1,019	855	820	848	794	791	775	764	804	877	-	1,921	2,966	-	-	3,007	2,602	2,566	2,578	2,601
Current Liabilities	13.3%	296	261	257	259	262	231	238	234	233	215	261	226	776	201	188	197	2,684	303	279	269	273
Long Term Debt	-0.3%	534	535	366	346	361	336	306	286	266	306	316	286	-	-	-	-	-	1,976	1,975	1,975	1,974
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	442	-	-	-	2,412	-	-	-	-
LT Debt, Non Current	-0.3%	534	535	366	346	361	336	306	286	266	306	316	286	-	-	-	-	-	1,976	1,975	1,975	1,974
Shareholder's Equity	-18.1%	645	787	933	691	680	730	724	738	768	888	889	935	1,621	1,983	2,132	2,231	2,371	3,232	3,305	3,399	3,512
Retained Earnings	-81.1%	-325	-179	-34.54	-273	-280	-228	-233	-211	-177	-52.47	-47.29	-	-204	157	307	405	550	1,412	1,487	1,582	1,696
Additional Paid-In Capital	0.3%	979	975	972	969	964	962	958	950	945	940	936	-	2,030	2,030	2,030	2,030	2,026	2,024	2,023	2,021	2,020
Shares Outstanding	0%	102	102	102	101	101	100	100	100	100	100	100	100	138	-	-	-	-	-	-	-	-
Float	-	-	-	1,448	-	-	-	595	-	-	-	-	-	-	-	-	17.00	-	-	-	573	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-189.0%	-8,425	9,462	18,920	-8,177	30,794	-11,125	-19,863	9,058	59,875	25,068	-66,039	-100,064	-49,208	939	-25,293	55,574	-22,841	23,300	-11,528	-5,545	2,862
Share Based Compensation	10.6%	3,162	2,859	3,668	4,414	3,688	3,813	8,127	4,531	4,944	4,688	1,134	-	-	-	1.00	4,093	1,543	1,675	1,577	1,542	1,414
Cashflow From Investing	48.0%	-21,016	-40,416	-29,855	-28,750	-15,602	-10,227	-11,564	-15,001	-4,874	-13,105	-23,780	-41,635	-33,217	-18,952	-37,716	-43,310	-70,302	-76,151	73,151	30,224	-34,093
Cashflow From Financing	-102.7%	-4,253	159,367	13,576	-19,079	20,900	24,970	16,078	16,187	-43,834	-13,771	27,760	-173,252	-2,290	-	-	-	436,000	-	-	-10.00	-2.00

DO Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands	4 Months Ended	8 Months Ended	12 Months Ended
	Apr. 23, 2021	Dec. 31, 2021	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total revenues	$ 169,379,000	$ 556,066,000	$ 1,056,179,000	$ 841,278,000
Operating expenses:
Depreciation	92,758,000	68,504,000	111,301,000	103,478,000
General and administrative	15,036,000	53,494,000	72,248,000	70,196,000
Impairment of assets	197,027,000	132,449,000	0	0
Gain on disposition of assets	(5,486,000)	(1,024,000)	(4,382,000)	(4,895,000)
Total operating expenses	496,438,000	707,246,000	1,005,118,000	904,723,000
Operating income (loss)	(327,059,000)	(151,180,000)	51,061,000	(63,445,000)
Other income (expense):
Interest income	30,000	3,000	1,637,000	18,000
Interest expense (excludes $35,390 of contractual interest expense on debt subject to compromise for the period from January 1, 2021 through April 23, 2021.)	(34,827,000)	(26,180,000)	(53,416,000)	(40,423,000)
Foreign currency transaction loss	(172,000)	(997,000)	(5,920,000)	(3,023,000)
Loss on extinguishment of long-term debt	0	0	(6,529,000)	0
Reorganization items, net	(1,639,763,000)	(8,088,000)	0	0
Other, net	398,000	10,752,000	(556,000)	1,267,000
Loss before income tax (expense) benefit	(2,001,393,000)	(175,690,000)	(13,723,000)	(105,606,000)
Income tax (expense) benefit	39,404,000	(1,654,000)	(30,983,000)	2,395,000
Net loss	$ (1,961,989,000)	$ (177,344,000)	$ (44,706,000)	$ (103,211,000)
Earnings Per Share, Basic	$ (14.21)	$ (1.77)	$ (0.44)	$ (1.03)
Earnings Per Share, Diluted	$ (14.21)	$ (1.77)	$ (0.44)	$ (1.03)
Weighted Average Number of Shares Outstanding, Basic	138,054	100,071	101,842	100,561
Weighted Average Number of Shares Outstanding, Diluted	138,054	100,071	101,842	100,561
Contract Drilling [Member]
Revenues:
Total revenues	$ 153,364,000	$ 465,328,000	$ 983,983,000	$ 724,744,000
Operating expenses:
Contract drilling, excluding depreciation	181,626,000	364,539,000	757,193,000	620,982,000
Reimbursable Expenses [Member]
Revenues:
Total revenues	16,015,000	90,738,000	72,196,000	116,534,000
Operating expenses:
Contract drilling, excluding depreciation	$ 15,477,000	$ 89,284,000	$ 68,758,000	$ 114,962,000

DO Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 124,457	$ 63,041
Restricted cash	14,231	34,293
Accounts receivable	260,124	177,675
Allowance for credit losses	(5,801)	(5,622)
Accounts receivable, net	254,323	172,053
Prepaid expenses and other current assets	63,412	48,695
Assets held for sale	1,000	0
Total current assets	457,423	318,082
Drilling and other property and equipment, net of accumulated depreciation	1,156,368	1,141,908
Other assets	98,762	67,966
Total assets	1,712,553	1,527,956
Current liabilities:
Accounts payable	42,037	47,647
Accrued liabilities	203,336	166,785
Taxes payable	34,817	30,264
Current finance lease liabilities	15,960	16,965
Total current liabilities	296,150	261,661
Long-term debt	533,514	360,644
Noncurrent finance lease liabilities	113,201	131,393
Deferred tax liability	10,966	700
Other liabilities	113,871	93,888
Commitments and contingencies (Note 11)
Total liabilities	1,067,702	848,286
Stockholders’ equity:
Preferred stock (par value $0.0001, 50,000 shares authorized, none issued and outstanding)	0	0
Common stock (par value $0.0001, 750,000 shares authorized; 103,189 shares issued and 102,322 shares outstanding at December 31, 2023; 101,884 shares issued and 101,320 shares outstanding at December 31, 2022)	10	10
Additional paid-in capital	978,575	964,467
Treasury stock	(8,493)	(4,252)
Accumulated deficit	(325,261)	(280,555)
Accumulated other comprehensive income	20	0
Total stockholders’ equity	644,851	679,670
Total liabilities and stockholders’ equity	$ 1,712,553	$ 1,527,956

About Diamond Offshore Drilling Inc

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2022, the company operated a fleet of 14 offshore drilling rigs, including four drillships, eight semisubmersible rigs, and two managed rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

CEO	Mr. Bernie G. Wolford
WEBSITE	diamondoffshore.com
INDUSTRY	Oil - E&P
EMPLOYEES	2100

Diamond Offshore Drilling Inc Frequently Asked Questions

What is the ticker symbol for Diamond Offshore Drilling Inc? What does DO stand for in stocks?

DO is the stock ticker symbol of Diamond Offshore Drilling Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Diamond Offshore Drilling Inc (DO)?

As of Fri Apr 12 2024, market cap of Diamond Offshore Drilling Inc is 1.44 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of DO stock?

You can check DO's fair value in chart for subscribers.

What is the fair value of DO stock?

You can check DO's fair value in chart for subscribers. The fair value of Diamond Offshore Drilling Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Diamond Offshore Drilling Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for DO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Diamond Offshore Drilling Inc a good stock to buy?

The fair value guage provides a quick view whether DO is over valued or under valued. Whether Diamond Offshore Drilling Inc is cheap or expensive depends on the assumptions which impact Diamond Offshore Drilling Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for DO.

What is Diamond Offshore Drilling Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 12 2024, DO's PE ratio (Price to Earnings) is -32.13 and Price to Sales (PS) ratio is 1.36. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. DO PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Diamond Offshore Drilling Inc's stock?

In the past 10 years, Diamond Offshore Drilling Inc has provided -0.115 (multiply by 100 for percentage) rate of return.