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What Do Analysts Say About Diamond Offshore Drilling Inc. (DO)?

Diamond Offshore Drilling Inc. (DO) saw downtrend of -2.65% in the recent trading with $6.98 being its most recent. The current price level -42.03% lower than the highest price of $12.04 marked by the stock while trading over the past 52-weeks, whereas it is 35.01% higher than the lowest price of $5.17 the company dropped to over past 52-weeks. The latest news story on DO appeared in PR Newswire under the title “DIAMOND OFFSHORE ANNOUNCES NEW FLOATER COMMITMENTS” on Aug-31-22.

Squeezing the time span to 30 day period shows us the stock is currently trading -17.29% below one month high and is +4.80% above of the lowest during that time. Looking into the simple moving average, Diamond Offshore Drilling Inc. (DO)’s stock stands at a SMA-50 of $6.88 while that of 5-day is reading $7.50.

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Diamond Offshore Drilling Inc. Earnings – What Happened With DO

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $205.7 billion.

DO – Diamond Offshore Drilling Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 100.11 million. DO does have institutional investors; and they hold 87.30% of the stock.

Diamond Offshore Drilling Inc. – Insider Activity and Holdings

Moreover, the latest SEC filings also revealed that stock came across 5 new insider purchases involving 587,199 shares. On the other hand, DO declared 226,625 shares have been sold in 6 insider transactions over the past three months.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Diamond Offshore Drilling Inc. was 1.14 while posting a debt to equity ratio of 0.64. The count was 56.97 for long-term debt to equity ratio.

Technical Analysis of Diamond Offshore Drilling Inc. (NYSE:DO) stock

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