Is Diamond Offshore Drilling, Inc. (DO) a Sell? The Stock Reaches All-Time Low Today

Diamond Offshore Drilling, Inc. (NYSE:DO) Logo

Investors sentiment increased to 0.91 in 2019 Q1. Its up 0.01, from 0.9 in 2018Q4. It increased, as 27 investors sold Diamond Offshore Drilling, Inc. shares while 53 reduced holdings. 24 funds opened positions while 49 raised stakes. 144.84 million shares or 4.73% more from 138.29 million shares in 2018Q4 were reported.
Price T Rowe Assoc Incorporated Md has 69,504 shares. Prudential stated it has 0.01% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). First Trust Advisors L P owns 134,755 shares or 0% of their US portfolio. The Illinois-based Guggenheim Capital Limited Liability Corp has invested 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Connor Clark Lunn Inv Management Ltd has invested 0.03% in Diamond Offshore Drilling, Inc. (NYSE:DO). Blackrock holds 0.01% in Diamond Offshore Drilling, Inc. (NYSE:DO) or 10.75 million shares. Great West Life Assurance Can invested 0.01% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Ontario – Canada-based Cibc Ww Markets has invested 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Moreover, Fmr Limited Liability Company has 0.01% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Piedmont holds 16,187 shares. Pub Employees Retirement Association Of Colorado invested 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Thrivent For Lutherans reported 0% stake. Petrus Com Lta, a Texas-based fund reported 22,509 shares. Lafayette Invests owns 32,588 shares or 0.13% of their US portfolio. State Of Tennessee Treasury Department invested in 0% or 26,498 shares.

Since February 25, 2019, it had 1 insider buy, and 0 sales for $39,640 activity.

The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) reached all time low today, Jun, 14 and still has $6.80 target or 8.00 % below today’s $7.39 share price. This indicates more downside for the $1.02 billion company. This technical setup was reported by Barchart.com. If the $6.80 PT is reached, the company will be worth $81.44M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 9.44% or $0.77 during the last trading session, reaching $7.39. About 4.54 million shares traded or 44.09% up from the average. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 48.84% since June 14, 2018 and is downtrending. It has underperformed by 53.27% the S&P500.

Analysts await Diamond Offshore Drilling, Inc. (NYSE:DO) to report earnings on July, 29. They expect $-0.89 EPS, down 169.70 % or $0.56 from last year’s $-0.33 per share. After $-0.53 actual EPS reported by Diamond Offshore Drilling, Inc. for the previous quarter, Wall Street now forecasts 67.92 % negative EPS growth.

Diamond Offshore Drilling, Inc. (NYSE:DO) Ratings Coverage

Among 4 analysts covering Diamond Offshore Drilling (NYSE:DO), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Diamond Offshore Drilling had 9 analyst reports since January 9, 2019 according to SRatingsIntel. As per Wednesday, January 9, the company rating was upgraded by DNB Markets. Pareto upgraded Diamond Offshore Drilling, Inc. (NYSE:DO) on Monday, January 28 to “Buy” rating. The rating was maintained by J.P. Morgan with “Sell” on Monday, March 11.

More notable recent Diamond Offshore Drilling, Inc. (NYSE:DO) news were published by: Finance.Yahoo.com which released: “Did You Miss Southwest Gas Holdings’s (NYSE:SWX) 69% Share Price Gain? – Yahoo Finance” on June 14, 2019, also Finance.Yahoo.com with their article: “Do Insiders Own Lots Of Shares In GeoPark Limited (NYSE:GPRK)? – Yahoo Finance” published on May 21, 2019, Finance.Yahoo.com published: “What Percentage Of Ameresco, Inc. (NYSE:AMRC) Shares Do Insiders Own? – Yahoo Finance” on June 14, 2019. More interesting news about Diamond Offshore Drilling, Inc. (NYSE:DO) were released by: Finance.Yahoo.com and their article: “How Many WestRock Company (NYSE:WRK) Shares Do Institutions Own? – Yahoo Finance” published on June 12, 2019 as well as Finance.Yahoo.com‘s news article titled: “Do Directors Own Flowers Foods, Inc. (NYSE:FLO) Shares? – Yahoo Finance” with publication date: June 06, 2019.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company has market cap of $1.02 billion. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. It currently has negative earnings. The firm operates a fleet of 24 offshore drilling rigs, which comprise 4 drillships, 8 ultra-deepwater, 6 deepwater, 5 mid-water semisubmersibles, and 1 jack-up rig.

Diamond Offshore Drilling, Inc. (NYSE:DO) Institutional Positions Chart

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