Diamond Offshore Drilling, Inc. (NYSE: DO) went down by -0.41% from its latest closing price when compared to the 1-year high value of $21.92, while DO stocks collected +2.98% of gains with the last five trading sessions.
Diamond Offshore Drilling, Inc. (NYSE: DO) Worth an Investment?
Diamond Offshore Drilling, Inc. (NYSE: DO) The 36 Months beta value for DO stocks is at 1.57, while 7 of the analysts out of 26 who provided ratings for Diamond Offshore Drilling, Inc. stocks as a “buy” while 0 as overweight, 9 rated it as hold and 9 as sell. The average price we get from analysts is $11.48 which is $2.43 above current price. DO currently has a short float of 17.80% and public float of 137.27M with average trading volume of 3.05M shares.
DO Market Performance
DO stocks went up by 2.98% for the week, with the monthly drop of -15.77% and a quarterly performance of 0.73%, while its annual performance rate touched -49.61%. The simple moving average for the period of the last 20 days is -5.60% for DO stocks with the simple moving average of -27.48% for the last 200 days.
Analysts’ Opinion on Diamond Offshore Drilling, Inc. (NYSE: DO)
Many brokerage firms have already submitted their reports for DO stocks, with Goldman repeating the rating for DO shares by setting it to “Sell”. The predicted price for DO socks in the upcoming period according to Goldman is $8 based on the research report published on March 11, 2019.
Clarksons Platou, on the other hand, stated in their research note that they expect to see DO stock at the price of $8. The rating they have provided for DO stocks is “Buy” according to the report published on November 8, 2018.
Johnson Rice gave “ Sell” rating to DO stocks, setting the target price at $8 in the report published on October 17, 2018.
DO Stocks -8.76% Far from 50 Day Moving Average
After a stumble in the market that brought DO to its low price for the period of the last 52 weeks, Diamond Offshore Drilling, Inc. was unable to take a rebound, for now settling with -55.89% of loss for the given period.
The stock volatility was left at 5.32%, however, within the period of a single month, the volatility rate increased by 5.20%, while the shares sank at the distance of -16.06% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -3.97% lower at the present time.
In the course of the last 5 trading sessions, DO went up by +2.98%, which changed the moving average for the period of 200 days to the total of -50.59% of losses for the stock in comparison to the 20-day moving average settled at $10.15. In addition, Diamond Offshore Drilling, Inc. saw 2.44% in overturn over the period of a single year with a tendency to cut further gains.
DO Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Diamond Offshore Drilling, Inc. (DO), starting from Gaffney Paul G, who bought 4,000 shares at the price of $9.91 back on Feb 25. After this action, Rushing now owns 7,000 shares of Diamond Offshore Drilling, Inc., valued at $39,640 with the latest closing price.
Kornblau Scott Lee, the Senior Vice President – CFO of Diamond Offshore Drilling, Inc., sold 692 shares at the value of $20.06 during a trade that took place back on Sep 28, which means that Kornblau Scott Lee is holding 2,604 shares at the value of $13,882 based on the most recent closing price.
DO Stock Fundamentals
The current profitability levels are settled at -7.36 for the present operating margin and +0.52 for gross margin. The net margin for Diamond Offshore Drilling, Inc. stands at -16.64. Total capital return value is set at -1.41, while invested capital returns managed to touch -3.19. Equity return holds the value -7.50%, with -4.50% for asset returns.
Based on Diamond Offshore Drilling, Inc. (DO), the company’s capital structure generated 55.07 points for debt to equity in total, while total debt to capital is set at the value of 35.51. Total debt to assets is settled at the value of 32.07 with long-term debt to equity ratio rests at 55.07 and long-term debt to capital is 35.51.
EBITDA value lies at +42.06 M with total debt to EBITDA carrying the value of 7.83. The value for Enterprise to Sales is 2.75 with debt to enterprise value settled at 0.70. The receivables turnover for Diamond Offshore Drilling, Inc. is 5.01 with the total asset turnover at the value of 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.02.