15.26 0.00 (0.00%)
After hours: 4:32PM EDT
|Bid||14.60 x 900|
|Ask||15.76 x 300|
|Day's Range||15.07 - 15.62|
|52 Week Range||10.06 - 22.65|
|PE Ratio (TTM)||12.41|
|Earnings Date||Oct 30, 2017|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||13.03|
Previously in this series, we saw that most analysts rate Diamond Offshore Drilling (DO) a “hold.” In this part of our series, we’ll see how analysts view Diamond Offshore Drilling’s 3Q17 revenues and ...
Diamond Offshore (DO) closed at $14.47 on October 12. Over the last month, DO’s stock has had a good run with a 16.3% return.
Citigroup has identified a long/short pair trade in the offshore drilling sector as it previews third quarter results. A pair trade is a strategy of taking opposing positions in two highly correlated ...
Citigroup analyst Scott Gruber says it too soon. Gruber, while still finding it premature to be bullish on offshore driller fundamentals, says that if an upturn is forthcoming, Transocean should outperform given a "diminution" of concern toward its balance sheet and more new contract catalysts. At $10.43 a share, Transocean fell 1.7% in recent market action, while Diamond Offshore sank more than 3.6% to $14.45 a share.
Baker Hughes released its weekly US crude oil rig count report on October 6. The US crude oil rig count fell by two to 748 on September 29–October 6, 2017.
HOUSTON , Oct. 10, 2017 /PRNewswire/ -- Diamond Offshore Drilling, Inc. ( NYSE: DO ) announced today that it will issue a press release and host a conference call and webcast related to its third quarter ...
NEW YORK , Oct. 10, 2017 /PRNewswire/ -- Loews Corporation (NYSE: L) will report third quarter 2017 financial results on Monday, October 30, 2017. A conference call for analysts and investors will begin ...
Diamond Offshore Drilling Inc (NYSE:DO) outperformed the Oil and Gas Drilling industry on the basis of its ROE – producing a higher 4.57% relative to the peer average of 1.49%Read More...
When Ensco (ESV) announced its planned purchase of Atwood Oceanics (ATW) in June, we noted that it was, perhaps, the first sign of a bottom in the offshore drillers. Since then Transocean (RIG) agreed to acquire Songa Offshore, and now Rowan (RDC) is said to be interested in acquiring Maersk's drilling business.
One sector upgrade has gone a long way for offshore drillers Transocean (RIG), Ensco (ESV), Diamond Offshore Drilling (DO), Noble (NE) and Rowan (RDC) today, as the stocks have gained at least 5% in morning trading. Investors have responded to the upgrades by sending shares of the five offshore drillers higher: Transocean have jumped 7.2% to $9.99 at 11:57 a.m. today, while Ensco has climbed 6.9% to $5.60, Diamond Offshore Drilling has gained 6.4% to $14.12, Noble has surged 10% to $4.56, and Rowan has risen 3.2% to $11.78.
Baker Hughes reported that the US crude oil rig count fell by five to 744 on September 15–22, 2017. Rigs fell for the third straight week.
The Zacks Analyst Blog Highlights: Diamond Offshore Drilling, Chesapeake Energy, Marathon Oil, Devon Energy and Lonestar Resources US
Due to the brutal industry downturn, all offshore drilling (OIH) stocks have taken a hit. All stocks in the industry gave negative returns in 2016.