After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Diamond Offshore Drilling, Inc. (DO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.06, or 0.46%, to $13.06. The Diamond Offshore Drilling, Inc. has recorded 45,340 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP CONTRACT.
Stocks Info
Diamond Offshore Drilling, Inc. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Drilling industry. At the end of the last regular session, the stock closed at $13.00 and fluctuated between $13.09 as its day high and $12.71 as its day low. The current market capitalization of Diamond Offshore Drilling, Inc. is $1.33B. A total of 1.13 million shares were traded on the day, compared to an average of 1.32M shares.
Insider Activity
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DO has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 13 SELLs from insiders. Insiders purchased 444,572 shares during that period but sold 183,066.
In the most recent transaction, Savarino Dominic A sold 5,106 shares of DO for 12.74 per share on Nov 10. After the transaction, the Senior Vice President and CFO now owns 53,940 company shares. In a previous transaction on Jul 07, Savarino Dominic A sold 5,797 shares at 15.00 per share. DO shares that Senior Vice President and CFO owns now total 37,975.
Among the insiders who sold shares, Savarino Dominic A disposed of 6,027 shares on May 31 at a per-share price of $10.94. This resulted in the Senior Vice President and CFO holding 40,608 shares of DO after the transaction. In another insider transaction, Savarino Dominic A sold 10,000 shares at $12.25 per share on Mar 01. Company shares held by the Senior Vice President and CFO now total 25,309.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DO in the last 3 months, the mean price target is $18.83 with high estimates of $23.00 and low estimates of $16.00. In terms of 52-week highs and lows, DO has a high of $17.32 and a low of $8.40.
As of this writing, DO has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.14 per share and a lower estimate of -$0.04. The company reported an EPS of $2.29 in the last quarter, which was 2,181.80% higher than expectations of -$0.11.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DO’s latest balance sheet shows that the firm has $38.39M in Cash & Short Term Investments as of fiscal 2021. There were $446.46M in debt and $232.76M in liabilities at the time. Its Book Value Per Share was $7.69, while its Total Shareholder’s Equity was $767.71M.
Analysts Opinion
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DO is Buy with a score of 5.00.
