Streetbeat News

Diamond Offshore Drilling, Inc.

https://www.diamondoffshore.com

Industry

Oil & Gas Drilling

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2021, the company operated a fleet of 12 offshore drilling rigs, including four drillships and eight semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

Open

14.24

Mkt cap

1.4B

Volume

5.6M

High

14.36

P/E Ratio

-5.24

52-wk high

16.80

Low

13.97

Div yield

N/A

52-wk low

11.02

Diamond Offshore Drilling has secured a two-year contract extension with Anadarko Petroleum for the Ocean BlackHawk in the US Gulf of Mexico, starting in November 2024. The deal is valued at approximately $350 million, excluding managed pressure drilling services, and replaces a previous one-year option. Anadarko retains three one-year unpriced options.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 8:23 pm

Barclays analyst Eddie Kim maintains an Overweight rating on Diamond Offshore Drilling (NYSE:DO) and raises the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 7:29 pm

Diamond Offshore Drilling (DO) reported Q1 2024 adjusted EPS of $0.25, surpassing the undefined analyst consensus estimate. Sales reached $274.610M, exceeding the $267.425M forecast, marking an 18.36% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 8:57 pm

Barclays analyst David Anderson maintains an Overweight rating on Diamond Offshore Drilling (NYSE:DO) but lowers the price target from $23 to $21.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 11:46 am

Diamond Offshore Drilling's shares dropped following a report of a year-over-year decline in Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:18 pm

Diamond Offshore Drilling (NYSE:DO) reported a Q4 adjusted loss of $(1.42) per share, a significant decrease from $(0.52) per share YoY. However, their quarterly sales of $297.64M exceeded the $291.00M estimate, marking a 33.31% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 6:34 am

Numerous companies are scheduled to report their earnings on February 27, 2024, covering a wide range of industries from technology and healthcare to energy and financial services. The report includes a mix of expected quarterly losses and earnings, highlighting the diverse financial health and performance outlooks within the corporate landscape.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 10:01 am

Diamond Offshore Drilling (NYSE:DO) is scheduled to release its quarterly earnings report on February 27, 2024, with an estimated EPS of $0.12. Historical performance shows a mixed impact on stock prices post-earnings announcements, with a notable 4.92% drop after last quarter's miss. Shares have seen a 1.73% increase over the last 52 weeks, indicating a generally positive trend for long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 5:02 pm

Capital One analyst Doug Becker has initiated coverage on Diamond Offshore Drilling (NYSE:DO) with an Overweight rating and set a price target of $20 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 4:46 pm

Diamond Offshore Drilling, Inc. (NYSE:DO) plans to offer $500 million in Senior Secured Second Lien Notes due 2030. The proceeds will be used to repay and terminate its term loan credit facility, redeem its Senior Secured First Lien PIK Toggle Notes due 2027, and repay all borrowings under its senior secured revolving credit agreement. Any remaining proceeds will be used for general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 12:41 pm

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