Now Is The Time To Bet on Diamond Offshore Drilling, Inc. (DO)’s Stock

Gaffney Paul G, Director, added 4,000 shares of Diamond Offshore Drilling, Inc. (DO) to its portfolio at the rate of $9.91 per share valuing $39,640 on Feb 25. The insider has now 7,000 shares of the company to its portfolio. Before making a move on any particular stock, readers often pay close attention to support and resistance markers. The last reported price for shares of Diamond Offshore Drilling, Inc. (DO) was $9.05. Currently, the 1st Resistance Point for this stock is $9.32, with a 2nd Resistance Point sitting at $9.59. Meanwhile, this company’s stock has a 1st Support Level at $8.85 and a 2nd Support Level at $8.65. Diamond Offshore Drilling, Inc. (DO) stock has gained $0.46, or 5.36%, in the past five days. In the last full month, these shares have gained $0.81, or 9.83%. In the past three months, this stock’s price has fallen by -$2.39, or -20.89%. This year-to-date, Diamond Offshore Drilling, Inc. (DO) shares have lost -$0.39, or -4.13%.

Analyzing price projection indicators is a helpful way to determine whether a potential stock buy is a wise choice for profits in the short term, medium term, and long term. For Diamond Offshore Drilling, Inc. (DO) stock, 40% of short-term indicators suggest that these shares are a “ Hold .” Meanwhile, 25% of medium-term indicators point to this stock being a “ Buy .” Looking further ahead, 67% of long-term indicators suggest that this stock is a “ Sell .”

With 137,691 K shares outstanding, this company currently has a market capitalization of $1,246,104K. Diamond Offshore Drilling, Inc. (DO) generates $1,083 M in annual sales, amounting to annual net income of -$180,270 K. This stock has generated a 1-Year Total Return of -54.70%, a 3-Year Total Return of -64.98%, and a 5-year Total Return of -81.52%. This stock’s 5-Year Dividend Growth is -100.00%, with its most recent dividend valued at $0.125 per share on 11/10/15. Its Annual Dividend Yield is 0.00%, and its Annual Dividend Rate is 0.00.

In the most recently-reported fiscal quarter, which ended in Mar-19, Diamond Offshore Drilling, Inc. (DO) reported earnings of -$0.53 per share. Wall Street analysts, on average, were expecting the company to report earnings of -$0.60 per share, representing a 0.07 difference and -11.09% surprise. In the previous quarter ending in Dec-18, the reported earnings of -$0.42 represented a -0.02 difference from the consensus estimate calling for -$0.40 per share, which was a -5.21% surprise.

For the current fiscal quarter, which is set to end in 06/2019, the average earnings estimate is -$0.88 per share. This estimate came from a total of 8 Wall Street Analysts. Of those market experts, the high estimate was -$0.81 and the low estimate was -$0.95. In the year-ago quarter, Diamond Offshore Drilling, Inc. (DO) generated per-share earnings of -$0.33. If the analysts are correct about the current quarter’s earnings, the growth will be -166.67% .

Turning our focus now to insider trading activity, there have been 0 purchases (0 shares in total) and 0 sale (0 shares in total) in the last 3 months. In the last 6 months, there have been 16 insider buys amounting to 222,978 shares and 15 insider sales amounting to 80,518 shares. In the past full year, 17 insider purchases were made (involving 224,862 shares) and 18 insider sell-offs equivalent to 83,413 shares.

Moving onto liquidity, Diamond Offshore Drilling, Inc. (DO) has a Current Ratio of 3.02, a Quick Ratio of 2.94 and a Cash Ratio of 1.92. Looking at this company’s capital structure, its Total Debt to Total Equity is 55.07, its Total Debt to Total Capital is 35.51, and its Total Debt to Total Assets is now 32.07. Looking even further ahead into the future, its Long-Term Debt to Equity is 55.07 and its Long-Term Debt to Total Capital is 35.51.