After grabbing 7.79 million shares, the institutional investor is now in possession of 7.79 million shares of the Energy Company. The new investment brought the stake of investor firm to 7.69% having worth around $89.47 million. Moreover, Wellington Management Co. LLP increased its share by 0.84 million to have a control over 7.55 million shares. And Victory Capital Management, Inc. raised its holdings to 1.42 million shares by acquiring 3.05 million shares or 3.01% of the stake.
Diamond Offshore Drilling Inc. (DO) concluded trading on 05/25/23 at a closing price of $11.60, with 1.46 million shares of worth about $16.98 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.21% during that period and on Thursday the price saw a loss of about -4.53%. Currently the company’s common shares owned by public are about 101.33M shares, out of which, 100.28M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 6 analysts are covering the DO stock and their offered price forecasts bring an average price target of $17.60. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $20.00 and could fall to a lowest price of $15.00. The stock’s current price level is 31.76% above of average price target set by the analysts, while a rise to estimated low would result in gain of 22.67% for the stock. However, touching the estimated high of $20.00 would mean a gain of 42.0% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 16 times over the past 12 months. They bought 871,129 shares in 7 of the transactions. In 9 selling transactions, insiders dumped 343,801 shares.
Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Diamond Offshore Drilling Inc. Vanguard Total Stock Market ETF is currently holding 2.98 million shares of worth totaling $34.22 million. The company recently came buying 33164.0 shares which brought its stake up to 2.94% of the company’s outstanding shares. iShares Russell 2000 ETF sold 31520.0 shares, after which its hold over company’s outstanding shares shrunk to 2.13%, leaving 2.15 million shares with the mutual fund that have a worth of about $24.75 million. Vanguard Extended Market Index Fu, after buying 1.38 million shares, have now control over 1.37% of the stake in the company. It holds 1084.0 shares of worth $15.89 million.
Diamond Offshore Drilling Inc. (NYSE: DO) started trading at $11.82, below -$0.33 from concluding price of the previous day. Stock saw a price change of -0.85% in past 5 days and over the past one month there was a price change of 4.88%. Year-to-date (YTD), DO shares are showing a performance of 11.54% which increased to 59.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.17 but also hit the highest price of $13.30 during that period. The average intraday trading volume for Diamond Offshore Drilling Inc. shares is 1.07 million. The stock is currently trading 1.22% above its 20-day simple moving average (SMA20), while that difference is up 1.20% for SMA50 and it goes to 16.50% higher than SMA200.
Samuel Terry Asset Management Pty acquired 7.79 million shares of Diamond Offshore Drilling Inc. having value of about $89.47 million. Diamond Offshore Drilling Inc. (NYSE: DO) currently have 101.33M outstanding shares and institutions hold larger chunk of about 95.30% of that. Holding of mutual funds in the company is about 24.86% while other institutional holders and individual stake holders have control over 72.12% and 0.76% of the stake respectively.
The stock has a current market capitalization of $1.19B. It has posted earnings per share of -$0.61 in the same period. It has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DO, volatility over the week remained 5.06% while standing at 5.52% over the month.
Analysts are in expectations that Diamond Offshore Drilling Inc. (DO) stock would likely to be making an EPS of -$0.11 in the current quarter, while forecast for next quarter EPS is $0.05 and it is $1.51 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 95.20% while it is estimated to increase by 5100.00% in next year.
Analysts at 6 brokerage firms have issued recommendations for the Diamond Offshore Drilling Inc. (DO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.50. Out of those 6 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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