Short interest for Diamond Offshore Drilling gives investors a sense of the degree to which investors are betting on the decline of Diamond Offshore Drilling's stock. Short interest data is updated every two weeks.

Diamond Offshore Drilling Stock (NYSE:DO), Short Interest Report

Diamond Offshore Drilling

Diamond Offshore Drilling Inc is a leader in offshore drilling, providing contract drilling services to the energy industry around the globe with a fleet of offshore drilling rigs, semisubmersibles, and dynamically positioned drillships. It provides services geographically in the United States, Senegal, the United Kingdom, Australia, and Brazil.

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U.S. stocks traded higher midway through trading, with the Dow Jones gaining more than 200 points on Tuesday.

The Dow traded up 0.65% to 32,455.57 while the NASDAQ rose 0.57% to 11,741.91. The S&amp;P 500, also rose, gaining, 0.70% to 3,979.20.

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U.S. stocks traded higher, with the Dow Jones gaining around 200 points on Tuesday. Here are some big stocks recording gains in today’s session.

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U.S. stocks traded higher this morning, with the Dow Jones gaining more than 300 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.90% to 32,535.25 while the NASDAQ rose 1.05% to 11,798.59. The S&amp;P 500, also rose, gaining, 1.04% to 3,992.47.

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Diamond Offshore Drilling, Inc. Common Stock

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Barclays analyst Eddie Kim maintains Diamond Offshore Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) with a Overweight and raises the price target from $21 to $22.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Diamond Offshore Drilling, Raises Price Target to $22

Diamond Offshore Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of undefined by Infinity percent. The company reported quarterly sales of $274.610 million which beat the analyst consensus estimate of $267.425 million by 2.69 percent. This is a 18.36 percent increase over sales of $232.021 million the same period last year.

Earnings Beats

Diamond Offshore Drilling Q1 2024 Adj EPS $0.25 Beats undefined Estimate, Sales $274.610M Beat $267.425M Estimate

Barclays analyst David Anderson maintains Diamond Offshore Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) with a Overweight and lowers the price target from $23 to $21.

Barclays Maintains Overweight on Diamond Offshore Drilling, Lowers Price Target to $21

Commencing in&nbsp;February 2025&nbsp;in direct continuation of the rig&#39;s current contract.&nbsp; This contract extension represents approximately&nbsp;$350&nbsp;million&nbsp;dollars of additional backlog.

Diamond Offshore Drilling Executed A Two-Year Contract Extension With A Subsidiary Of Bp In The U.S. Gulf Of Mexico For The Ocean BlackHornet

WIIM

Diamond Offshore Drilling shares are trading lower after the company reported a year-over-year decrease in Q4 adjusted EPS results.

Diamond Offshore Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) reported quarterly adjusted&nbsp;losses of $(1.42) per share. This is a 173.08 percent decrease over losses of $(0.52) per share from the same period last year. The company reported quarterly sales of $297.64 million which beat the analyst consensus estimate of $291.00 million by 2.28 percent. This is a 33.31 percent increase over sales of $223.26 million the same period last year.

Diamond Offshore Drilling Q4 Adj. EPS $(1.42) Down From $(0.52) YoY, Sales $297.64M Beat $291.00M Estimate

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Earnings Scheduled For February 27, 2024

Diamond Offshore Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-27. Here's what investors need to know before the announcement.
Analysts estimate that Diamond Offshore Drilling will report an earnings per share (EPS) of $0.12. 
Diamond Offshore Drilling bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $1.04, which was followed by a 4.92% drop in the share price the next day.
Here's a look at Diamond Offshore Drilling's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.32</td>
<td>-0.11</td>
<td>-0.37</td>
<td>-0.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-1.36</td>
<td>-0.04</td>
<td>0.07</td>
<td>-0.52</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>-2.0%</td>
<td>-2.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708966936_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Diamond Offshore Drilling were trading at $12.05 as of February 23. Over the last 52-week period, shares are up 1.73%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/DO/earnings">To track all earnings releases for Diamond Offshore Drilling visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: Diamond Offshore Drilling

HOUSTON,&nbsp;Feb. 8, 2024&nbsp;/PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) today announced that it has executed a two-year contract extension with a subsidiary of bp in the U.S.&nbsp;Gulf of Mexico&nbsp;for the&nbsp;Ocean BlackLion, commencing in&nbsp;September 2024&nbsp;in direct continuation of the rig&#39;s current contract. This contract extension represents approximately&nbsp;$350 million&nbsp;dollars&nbsp;of additional backlog.
Additionally, the Company has entered into a drilling contract with Serica Energy (UK) Limited to utilize the&nbsp;Ocean Patriot&nbsp;for two plug and abandonment (P&amp;A) wells in the U.K. North Sea. The program is estimated to commence in&nbsp;March 2024&nbsp;and to continue for approximately 60 days. The contract represents over&nbsp;$10 million&nbsp;of additional backlog, excluding mobilization.

Diamond Offshore Secures $350M Contract Extension With BP For Ocean BlackLion Rig

Capital One analyst Doug Becker initiates coverage on Diamond Offshore Drilling (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) with a Overweight rating and announces Price Target of $20.

Initiation

Capital One Initiates Coverage On Diamond Offshore Drilling with Overweight Rating, Announces Price Target of $20

Diamond Offshore Drilling, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DO#NYSE">DO</a>) today announced it has entered into a drilling contract with an independent operator to utilize the Ocean BlackRhino for work offshore Guinea-Bissau. The Ocean BlackRhino was awarded a one-well contract with a minimum duration of 30 days representing $15.4 million of additional backlog, excluding mobilization. Work under the new contract is expected to commence in July 2024 in direct continuation of the rig's current contract.
Bernie Wolford, Jr., President and Chief Executive Officer, commented, "We are pleased to secure this work with a new client in direct continuation of our current contract and look forward to commencing the campaign next year."
An updated fleet status report has been published on the Company's website.

Contracts

Diamond Offshore Announces New Drillship Contract; The Ocean BlackRhino Was Awarded A One-Well Contract With A Minimum Duration Of 30 Days Representing $15.4M Of Additional Backlog, Excluding Mobilization

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Diamond Offshore Drilling Stock (NYSE:DO), Short Interest Report

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