Today, Diamond Offshore Drilling, Inc. (NYSE: DO) Takes Center Stage

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. Most recently, Yahoo Finance reported about the stock as it publicized that DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENT.

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Stocks Info

The company is listed on the NYSE and operates within the Oil & Gas Drilling industry segment. The current market capitalization of Diamond Offshore Drilling, Inc. is $1.43B. A total of 1.48 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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 $6.30, while its Total Shareholder’s Equity was $767.71M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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