[ad_1]
On November 9, the shares of Diamond Offshore Drilling, Inc. (NYSE: DO) closed up after a volatile session. Stocks gained 0.37 point or 2.59% to 14.68 USD with a large trading volume of 3.021 million shares. After opening the session at 13.92 USD, the shares reached 14.85 USD and 13.57 USD, the range in which the share price traded throughout the day. The company has a market capitalization of $ 2.02 billion and now has 137.43 million shares outstanding. The shares of Diamond Offshore Drilling, Inc. (DO) lost 23.38% of their market value in 21 trading days.
DO Stock has a three-year leakage beta of 1.45, offering the possibility of a higher rate of return, but also presenting a higher risk. The share of a company's earnings allocated to each outstanding share of common shares was – $ 0.51 per share in the last twelve months. The stock's value has fallen 21.03% since the beginning of the year, against a drop of 16.31% in 12 months. The company's shares are still trading at -33.03% from its one-year high of $ 21.92 and 8.26% from its lowest level in 52 weeks of $ 13.56. The average consensus score of the company is 3.6, on a scale where 5 equals a unanimous sales score. In short, the average recommendations of badysts call this stock a restraint.
Diamond Offshore Drilling, Inc. (DO) is expected to increase by 11.24% over the next 12 months, based on estimates of price targets compiled by finviz. Meanwhile, they set a high price target of 23 months. This represents a huge increase of 56.68% over the current market. The 12-month median price target awarded by badysts was $ 15, which represents a return potential of 2.18% over the closing price of the 14-month average. , 68 USD on Friday 09 November. The lowest price goal for the action is 10 USD. just over -31.88% of the current share price of DO.
History has shown that shares of Diamond Offshore Drilling, Inc. have increased 20 days of earnings reaction and are expected to increase by 0.03% when the company announces its upcoming results. Investors will get their next look at DOO's fourth quarter earnings on February 11th. Analysts expect a decline of 25.3% in sales to $ 259 million in the fourth quarter, while earnings are expected to rise nearly 580% to $ 0.34 per share. It raised $ 0.26 per share, better than the adjusted $ 0.36 expected by the Thomson Reuters consensus. Revenues were $ 286 million, better than the $ 281 million expected by badysts. Revenues are expected to increase by 105.2% this year, by -2.7% next year and continue to grow by 0% annually over the next five years.
Let's take a look at some insider activities at Diamond Offshore Drilling, Inc. (NYSE: DO) and see the diagram. The first insider transaction took place on 28/09/2018. Kornblau Scott Lee is separated with a total of 0.69,000 shares of the company at an average price of $ 20.06. Total sales were set at $ 13.88 thousand. After this transaction, the balance of the Senior Vice President – CFO account amounted to 2.6 thousand shares. The stock has lost 26.82% since this sale of insiders. On 31/07/2018, Roland David L, Senior Vice President, General Counsel and Sec, sold 1.74 thousand shares at a price of $ 19.73 per share. This removed 34.41,000 shares of the insider's fortune and shares have seen their value fall by 25.6% since the publication of the new. This transaction left 10,000 shares in the SVP, General Counsel and Sec accounts.
On 09/05/2018, President Edwards Marc Gerard Rex has completed a sale transaction worth $ 1.56 million. This sale at $ 19.95 eliminated 78.27 thousand shares of the insider's portfolio position. At the same time, equities have declined 26.42% since the publication of the transaction. It now remains in the insider 0,000 remaining shares in the account. Edwards Marc Gerard Rex, who interprets the president and the C.E.O. job, sold 32.72,000 shares for $ 595.47,000. The sale on 05/02/2018 was priced at $ 18.2 per share. The stock price has fallen 19.34% since the closing date. Edwards Marc Gerard Rex is now gone with a stake of 78.27,000 shares of DO worth $ 1.15 million after the insider sale.
The stock is currently running around the first support level of $ 13.88. Below, the next support is placed in the $ 13.09 area. Until now, the actions of DO are trading above this level, the bulls have nothing to fear. On the oscillator front, the "RSI" reached 38.45 points on the daily chart, which can remain a source of comfort. If the price falls below the US $ 13.09 level at closing, we may record more bookings and the stock may have an additional weakness. On the flip side, reaching the $ 15.16 mark can lead to a decline to $ 15.65.
In addition, it displays a price / sales ratio of 1.58. Compare that with the average P / S of the industry of 5.34. The gross margin of Diamond Offshore Drilling, Inc. is 37.1%, while the operating margin is -2.7%. At the same time, the net profit margin is -5.6%.
Source link
