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Last $21.95 USD
Change Today -0.36 / -1.61%
Volume 3.2M
DO On Other Exchanges
Symbol
Exchange
New York
Berlin
Mexico
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

diamond offshore drilling (DO) Snapshot

Open
$22.29
Previous Close
$22.31
Day High
$22.65
Day Low
$21.91
52 Week High
08/5/14 - $46.40
52 Week Low
07/27/15 - $20.60
Market Cap
3.0B
Average Volume 10 Days
2.4M
EPS TTM
$2.72
Shares Outstanding
137.2M
EX-Date
05/13/15
P/E TM
8.1x
Dividend
$0.50
Dividend Yield
9.11%
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. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Impairment of Assets for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Diamond Offshore Drilling, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues of $620,056,000 against $709,424,000 a year ago. Operating loss was $269,530,000 against operating profit of $186,277,000 a year ago. Loss before income tax was $287,118,000 against income before income tax of $167,679,000 a year ago. Net loss was $255,709,000 against net profit of $145,810,000 a year ago. Loss per share was $1.86 against EPS of $1.05 a year ago. For the quarter, the company reported impairment of assets of $358,528,000. The company expects depreciation, which will be affected by impairment charge, reduced maintenance capital spending and new rigs being delivered to come in between $118 million and $124 million in second quarter and stay in that range for the remaining quarters of the year. Interest expense guidance remains the same at $25 million to $30 million per quarter for the final three quarters of 2015. As for taxes, based on current projections, the company believe tax rate will come in somewhere between 11% and 16% in second quarter and will continue there for the rest of the year. The company is reducing maintenance CapEx projections from $340 million down to current estimate of $290 million. New build CapEx for 2015 is expected to be $630 million, which includes the final 70% shipyard payment for fourth new build drillship, the Ocean Black Lion; oversight cost on the Ocean Great White; final cost on the Black Hornet and Black Rhino drill ships, beginning term contracts in the Gulf of Mexico here in the second quarter; and finally, the completion cost for the service life extension project on the Ocean Confidence. Together, maintenance and new build capital expenditures are expected to total approximately $920 million in 2015.

Diamond Offshore Drilling, Inc. Declares Regular Quarterly Dividend, Payable on June 1, 2015

Diamond Offshore Drilling, Inc. announced that it has declared a regular quarterly dividend of $0.125 per share, payable on June 1, 2015 to shareholders of record as of May 15, 2015.

Diamond Offshore Drilling, Inc. to Report Q1, 2015 Results on May 04, 2015

Diamond Offshore Drilling, Inc. announced that they will report Q1, 2015 results at 7:30 AM, Central Standard Time on May 04, 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 0.7x
Price/Cash Flow 6.5x
TEV/Sales 0.2x
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