Value Investing Philosophy And Diamond Offshore Drilling, Inc. (NYSE: DO)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT.

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Stocks Info

DO belongs to the Energy sector of the NYSE while operating in the Oil & Gas Drilling industry. The current market capitalization of Diamond Offshore Drilling, Inc. is $1.40B. A total of 1.22 million shares were traded on the day, compared to an average of 1.44M shares.

In the most recent transaction, Savarino Dominic A sold 13,000 shares of DO for 13.16 per share on Mar 19 ’24. After the transaction, the Senior Vice President and CFO now owns 44,501 company shares. In a previous transaction on Mar 05 ’24, ROLAND DAVID L sold 5,000 shares at 11.99 per share. DO shares that SVP, General Counsel and Sec owns now total 80,306.

Among the insiders who sold shares, Savarino Dominic A disposed of 5,106 shares on Mar 01 ’24 at a per-share price of $11.76. This resulted in the Senior Vice President and CFO holding 57,501 shares of DO after the transaction. In another insider transaction, Savarino Dominic A sold 5,106 shares at $12.74 per share on Nov 10 ’23. Company shares held by the Senior Vice President and CFO now total 53,940.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, DO has a high of $17.32 and a low of $10.44.

As of this writing, DO has an earnings estimate of $0.03 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.14 per share and a lower estimate of -$0.05. The company reported an EPS of -$1.42 in the last quarter, which was -343.70% lower than expectations of -$0.32.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $6.30, while its Total Shareholder’s Equity was $767.71M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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.

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