In yesterday’s Wall Street session, Diamond Offshore Drilling, Inc. (NYSE:DO) shares traded at $15.50, up 1.57% from the previous session.
DO stock price is now 10.58% away from the 50-day moving average and 16.55% away from the 200-day moving average. The market capitalization of the company currently stands at $1.59B.
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With the price target of $20, CapitalOne recently initiated with Overweight rating for Diamond Offshore Drilling, Inc. (NYSE: DO). On September 05, 2023, BTIG Research recently initiated its ‘Buy’ rating on the stock quoting a target price of $20
In other news, Wolford Bernie G., President and CEO sold 26,000 shares of the company’s stock on Jun 03 ’24. The stock was sold for $392,860 at an average price of $15.11. Upon completion of the transaction, the President and CEO now directly owns 746,496 shares in the company, valued at $11.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Senior Vice President and CFO Savarino Dominic A sold 11,369 shares of the business’s stock. A total of $171,786 was realized by selling the stock at an average price of $15.11. This leaves the insider owning 40,852 shares of the company worth $0.63 million. A total of 1.18% of the company’s stock is owned by insiders.
During the past 12 months, Diamond Offshore Drilling, Inc. has had a low of $11.02 and a high of $17.32. As of last week, the company has a debt-to-equity ratio of 1.01, a current ratio of 1.57, and a quick ratio of 1.54. The fifty day moving average price for DO is $14.0164 and a two-hundred day moving average price translates $13.29925 for the stock.
The latest earnings results from Diamond Offshore Drilling, Inc. (NYSE: DO) was released for 2024-03-31. The net profit margin was -3.67% and return on equity was -5.97% for DO. The company reported revenue of $274.61 million for the quarter, compared to $232.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.36 percent.
