A History of Outperforming Analyst Forecasts and Beating the Odds: Diamond Offshore Drilling, Inc. (DO)

With 1.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.44 million shares. The 52-week range on DO shows that it touched its highest point at $17.32 and its lowest point at $10.44 during that stretch. It currently has a 1-year price target of $18.57. Beta for the stock currently stands at 1.28.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DO was up-trending over the past week, with a rise of 3.57%, but this was up by 22.00% over a month. Three-month performance surged to 1.26% while six-month performance fell -8.58%. The stock gained 17.08% in the past year, while it has gained 4.92% so far this year. A look at the trailing 12-month EPS for DO yields -0.48 with Next year EPS estimates of 2.00. For the next quarter, that number is -0.00. This implies an EPS growth rate of 196.93% for this year and 375.51% for next year.

Float and Shares Shorts:

At present, 102.32 million DO shares are outstanding with a float of 100.99 million shares on hand for trading. On Mar 15, 2024, short shares totaled 4.55 million, which was 4.44% higher than short shares on Feb 15, 2024. In addition to YM=F as the firm’s Mini Dow Jones Indus.-$5 Jun 24, DX=F serves as its US Dollar Jun 24.

Institutional Ownership:

Through their ownership of 91.38% of DO’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.