Home Sectors Energy Present Movement: Diamond Offshore Drilling (NYSE: DO)

Present Movement: Diamond Offshore Drilling (NYSE: DO)

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Diamond Offshore Drilling trades as part of the oil and gas drilling industry and trades as part of the energy sector. The company CEO is Marc Gerard Rex Edwards. Diamond Offshore Drilling Inc is engaged in the oil and gas sector. Its business involves offshore oil and gas drilling. The company offers a range of services in various markets, including the deep water and harsh environment.

Previous Intraday Trading Performance:

The DO stock showed a previous change of 1.17% with an open at 8.61 and a close of 8.64. It reached an intraday high of 8.73 and a low of 8.48.

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Liquidity:

The stock has a market cap of $1.2b with 137.7m shares outstanding, of which the float is 137.5m shares. Trading volume reached 2,576,748 shares compared to its average volume of 3,397,091 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Diamond Offshore Drilling shares returned 8.00% and in the past 30 trading days it returned -30.38%. Over three months, it changed -14.54%. In one year it has changed -52.92% and within that year its 52-week high was 21.92 and its 52-week low was 7.52. DO stock is 14.89% above its 52 Week Low.

Our calculations show a 200 day moving average of 12.77 and a 50 day moving average of 10.16. Currently DO stock is trading -32.35% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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Earnings:

The last annual fiscal EPS for the company was reported at -1.3 that ended on 31st of December 2018. Based on 7 analyst estimates, the consensus EPS for the next quarter is -0.61. The TTM EPS is -1.17.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/29/2019): -0.53
4thQtr of 2018 (Reported on 02/11/2019): -0.58
3rdQtr of 2018 (Reported on 11/05/2018): -0.37
2ndQtr of 2018 (Reported on 07/30/2018): -0.50
1stQtr of 2018 (Reported on 04/30/2018): 0.14

Base on our calculations, the intrinsic value per share is 14.25, which means it is possibly undervalued and has a margin of safety of 39.37%.

Indicators to Watch:

Short-interest was 24,131,382, which was 17.53% of shares outstanding. The short-interest ratio or days-to-cover ratio was 7.81. This stock has a moderate level of short interest, but may still be a buying opportunity depending on other indicators.

The current calculated beta is 1.68.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -7.49%, return on assets is -4.44%, profit margin is -26.72%, price-to-sales is 1.15 and price-to-book is 0.33.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 0  :Past Performance Score
 1  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.