Strong And Steady: Diamond Offshore Drilling, Inc. (DO)

Wall Street analysts will be watching closely when Diamond Offshore Drilling, Inc. (NYSE:DO) reports its quarterly earnings next, which is scheduled for Mon 29 Apr (In 46 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at -$0.58 per share. In the preceding quarter, the company reportedly generated EPS of -$0.42 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -10.40%, a profit margin of -16.60%31.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Diamond Offshore Drilling, Inc. (NYSE:DO). Most recently, on March 11th, 2019, Goldman Initiated a Sell rating. Before that, on November 8th, 2018, ClarksonsPlatou Upgrade to Buy. Johnson Rice Downgrade a Sell rating on October 17th, 2018, JP Morgan Downgrade an Underweight rating on October 12th, 2018, and HSBC Securities Upgrade a Buy rating on September 21st, 2018.

At its current price point, combined with the fact that this company has 144.00M shares outstanding, the current market capitalization sits at 1.55B. In the last trading day, 2,560,564 shares of Diamond Offshore Drilling, Inc. were traded, which compares to its usual volume of about 2.75M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.88 in the past five trading days, resulting in a percentage change of +8.92% and a moving average of 10.20. In the past 20 days, its price changed by $1.22 (which is +12.80%) and the stock’s moving average was 10.07. Looking back a full 50 days, shares of DO changed by $1.31 (which is +13.88%) and demonstrated a moving average of 10.57.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 88.07%, a 14-day Stochastic %K score of 85.01% and a 20-day Stochastic %K score of 83.15%. Using a similar metric, Diamond Offshore Drilling, Inc. (DO) shares showed a Stochastic %D of 73.40% over the past 9 days, a Stochastic %D score of 63.80% over the last 14 days, and a 20-day Stochastic %D of 65.92%. Meanwhile, this stock’s MACD Oscillator was 0.43 over the past 9 days, 0.57 over the past two weeks, and 0.50 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $10.75 level. Over the past 12 months, this stock has experienced a high price of $21.92 and a low of $8.78. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

Loews Corp Held shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Diamond Offshore Drilling, Inc. (NYSE:DO) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 73,119,047 shares of the company’s stock . This share count represents that Loews Corp now held 53.20% stake in Diamond Offshore Drilling, Inc. (DO)’s shares.

Just in the most recent trading day, Diamond Offshore Drilling, Inc. (NYSE:DO) experienced a high price of $10.87 and low point of $10.64. At the end of the last trading session, this stock was at 10.75 per share, following a gain of $0.02, or 1.03% during the full day.