Diamond Offshore Drilling, Inc. [NYSE: DO] slipped around -0.35 points on Tuesday, while shares priced at $13.99 at the close of the session, down -2.44%.
Compared to the average trading volume of 2.34M shares, DO reached a trading volume of 5598179 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Diamond Offshore Drilling, Inc. [DO]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DO shares is $19.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DO stock is a recommendation set at 1.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
CapitalOne have made an estimate for Diamond Offshore Drilling, Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 28, 2023. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on September 05, 2023, representing the official price target for Diamond Offshore Drilling, Inc. stock.
The Average True Range (ATR) for Diamond Offshore Drilling, Inc. is set at 0.31, with the Price to Sales ratio for DO stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 2.14, with the Price to Cash per share for the same quarter was set at 1.72.
How has DO stock performed recently?
Diamond Offshore Drilling, Inc. [DO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.18. With this latest performance, DO shares dropped by -7.72% in over the last four-week period, additionally plugging by 16.39% over the last 6 months – not to mention a drop of -5.92% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DO stock in for the last two-week period is set at 35.94, with the RSI for the last a single of trading hit 33.34, and the three-weeks RSI is set at 39.10 for Diamond Offshore Drilling, Inc. [DO]. The present Moving Average for the last 50 days of trading for this stock 15.21, while it was recorded at 14.23 for the last single week of trading, and 13.63 for the last 200 days.
Diamond Offshore Drilling, Inc. [DO]: Deeper insight into the fundamentals
Diamond Offshore Drilling, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.69 and a Current Ratio set at 1.73.
Earnings analysis for Diamond Offshore Drilling, Inc. [DO]
With the latest financial reports released by the company, Diamond Offshore Drilling, Inc. posted -1.42/share EPS, while the average EPS was predicted by analysts to be reported at -0.32/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.1. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DO.
Insider trade positions for Diamond Offshore Drilling, Inc. [DO]
There are presently around $92.97%, or 93.84%% of DO stock, in the hands of institutional investors. The top three institutional holders of DO stocks are: KGH LTD with ownership of 8.38 million shares, which is approximately 8.1814%. BLACKROCK INC., holding 8.11 million shares of the stock with an approximate value of $$125.67 million in DO stocks shares; and BLACKROCK INC., currently with $$107.58 million in DO stock with ownership which is approximately 6.7798%.
