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Last $22.71 USD
Change Today -1.00 / -4.22%
Volume 4.0M
DO On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

diamond offshore drilling (DO) Snapshot

Open
$23.42
Previous Close
$23.71
Day High
$23.73
Day Low
$22.49
52 Week High
09/2/14 - $43.28
52 Week Low
08/24/15 - $20.00
Market Cap
3.1B
Average Volume 10 Days
4.2M
EPS TTM
$2.78
Shares Outstanding
137.2M
EX-Date
08/12/15
P/E TM
8.2x
Dividend
$0.50
Dividend Yield
5.50%
Current Stock Chart for DIAMOND OFFSHORE DRILLING (DO)

diamond offshore drilling (DO) Related Businessweek News

No Related Businessweek News Found

diamond offshore drilling (DO) Details

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company provides services in floater market, such as ultra-deepwater, deepwater, and mid-water; and non-floater or jack-up market. It operates a fleet of 38 offshore drilling rigs, which comprise 27 semisubmersibles, including 1 under construction; 6 jack-ups; and 5 dynamically positioned drillships, including 1 under construction. Diamond Offshore Drilling, Inc. serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. operates as a subsidiary of Loews Corp., Asset Management Arm.

5,200 Employees
Last Reported Date: 02/23/15
Founded in 1989

diamond offshore drilling (DO) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $833.3K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $440.4K
Senior Vice President of Worldwide Operations
Total Annual Compensation: $452.8K
Chief Accounting Officer and Controller
Total Annual Compensation: $257.6K
Compensation as of Fiscal Year 2014.

diamond offshore drilling (DO) Key Developments

Diamond Offshore Drilling, Inc. Declares Regular Quarterly Dividend, Payable on September 1, 2015; Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Capital Expenditure Guanine for the Full Year of Fiscal 2015

Diamond Offshore Drilling, Inc. announced that it has declared a regular quarterly dividend of $0.125 per share, payable on September 1, 2015 to shareholders of record as of August 14, 2015. The company reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $634,032,000 compared to $692,244,000 a year ago. Operating income was $134,121,000 compared to $133,766,000 a year ago. Income before income tax benefit was $106,028,000 compared to $112,603,000 a year ago. Net income was $90,386,000 or $0.66 per share compared to $89,713,000 or $0.65 per share a year ago. Increase in contract drilling revenues from first quarter to second quarter can be partially attributed to the company's newbuild drillships, the Ocean BlackHornet and BlackRhino, both which began contracts in the Gulf of Mexico in the second quarter. Last quarter's loss was primarily driven by an impairment write-down and restructuring cost, which, when combined, negatively impacted after-tax earnings by $2.36 per share. For the six months period, the company reported total revenues of $1,254,088,000 compared to $1,401,668,000 a year ago. Operating loss was $135,409,000 compared to operating income of $320,043,000 a year ago. Loss before income tax benefit was $181,090,000 compared to income before income tax expense of $280,282,000 a year ago. Net loss was $165,323,000 or $1.21 per share compared to net income of $235,523,000 or $1.71 per share a year ago. The company provided earnings guidance for the third quarter, fourth quarter and capital expenditure guanine for the full year of fiscal 2015. For the third quarter, the company is now expecting depreciation expense to come in between $116 million and $120 million, just slightly lower than the company’s last quarters guidance. Interest expense expected to be between $25 million to $30 million. As for taxes, based on current projections, the company believes its tax rate will come in somewhere between 10% and 16%. For the fourth quarter, the company is now expecting depreciation expense to come in between $116 million and $120 million, just slightly lower than the company’s last quarters guidance. Interest expense expected to be between $25 million to $30 million. As for taxes, based on current projections, the company believes its tax rate will come in somewhere between 10% and 16%. The company is reiterating capital expenditure projections that it gave at its last quarterly update, estimating that to spend $290 million on maintenance capital expenditure in 2015 and $630 million in new build capital expenditure. Together, maintenance and new build capital expenditures are expected to total approximately $920 million in 2015.

Diamond Offshore Drilling, Inc. to Report Q2, 2015 Results on Aug 03, 2015

Diamond Offshore Drilling, Inc. announced that they will report Q2, 2015 results at 7:30 AM, Central Daylight on Aug 03, 2015

Diamond Offshore Drilling, Inc., Q2 2015 Earnings Call, Aug 03, 2015

Diamond Offshore Drilling, Inc., Q2 2015 Earnings Call, Aug 03, 2015

 

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Industry Analysis

DO

Industry Average

Valuation DO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 0.8x
Price/Cash Flow 6.7x
TEV/Sales 0.2x
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