Diamond Offshore Drilling Inc. (DO) news stock charts
Diamond Offshore Drilling Inc. (DO) Investment Summary:
Diamond Offshore Drilling, Inc. operates as an offshore oil and gas drilling contractor worldwide. The company provides offshore drilling services in the deep water, harsh environment, conventional semisubmersibles, and jack-up markets to independent oil and gas companies and government-owned oil companies. As of December 31, 2008, it operated a fleet of 45 offshore rigs comprising 30 semisubmersibles, 14 jack-ups, and 1 drillship. The company was founded in 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. operates as a subsidiary of Loews Corporation.www.diamondoffshore.com
5,500 Employees
Founded in 1989
DIAMOND OFFSHORE DRILLING (DO:NYSE)
LAST $89.55 USD
CHANGE TODAY -0.03 -0.03%
VOLUME 928.8K
As of 3:21 PM 03/12/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of DIAMOND OFFSHORE DRILLING (DO)
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OPEN
$90.14
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PREVIOUS CLOSE
$89.58
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DAY HIGH
$90.53
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DAY LOW
$89.24
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52 WEEK HIGH
01/11/10 - $104.89
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52 WEEK LOW
03/12/09 - $50.50
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MARKET CAP
12.4B
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AVERAGE VOLUME 10 D
1.9M
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EPS TTM
$9.91
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SHARES OUTSTANDING
139.0M
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EX-DATE
02/10/10
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P/E TTM
9.0x
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DIVIDEND
$0.50
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DIVIDEND YIELD
8.93%
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| K = Thousands M = Millions B = Billions | ||
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Key developments for DIAMOND OFFSHORE DRILLING (DO)
Diamond Offshore Drilling Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009
02/4/2010
Diamond Offshore Drilling Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net income of $276.1 million or $1.98 diluted per share compared with net income of $293.3 million or $2.11 basic and diluted per share in the same period a year earlier. Revenues were $890.8 million compared with revenues of $903.2 million for the fourth quarter of 2008. Operating income was $449.1 million compared to $456.0 million for the same period last year. Income before income tax expense was $418.9 million compared to $403.6 million for the same period last year. For the year, the company reported net income of $1.4 billion or $9.89 diluted per share compared with net income of $1.3 billion or $9.42 diluted per share for the year ended December 31, 2008. Revenues were $3.6 billion compared with $3.5 billion for 2008. Operating income was $1,903.2 million compared to $1,910.1 million for the same period last year. Income before income tax expense was $1,868.431 million compared to $1,847.046 million for the same period last year.
Diamond Offshore Drilling Inc. expected to Report Q1 2010 Results on April 19, 2010. This event was calculated by Capital IQ (Created on February 4, 2010).
02/4/2010
Diamond Offshore Drilling Inc. expected to Report Q1 2010 Results on April 19, 2010. This event was calculated by Capital IQ (Created on February 4, 2010).
Diamond Offshore Drilling Inc. Provides Capital Expenditures Guidance for the Full Year of 2010
02/4/2010
Diamond Offshore Drilling Inc. provided capital expenditures guidance for the full year of 2010. For the year, the company expecting capital expenditures to spend approximately $365 million for normal maintenance capital items and are expecting to add an additional $75 million in total to complete commissioning of the Courage and the Valor.
Diamond Offshore Drilling Inc. financial resources
DO Competitors
| Company | Last | Change |
| BJ Services Co | $22.65 USD | +0.02 |
| Ensco International PLC | $45.80 USD | +0.29 |
| Helmerich & Payne Inc | $40.84 USD | +0.08 |
| Noble Corp | $43.43 USD | -0.04 |
| Pride International Inc | $30.86 USD | +0.24 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | DO | Industry Range |
| Price/Earnings | 9.1x |
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| Price/Sales | 3.4x |
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| Price/Book | 3.4x |
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| Price/Cash Flow | 7.2x |
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| TEV/Sales | 2.8x |
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DO |
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More Recent Financial News About Diamond Offshore Drilling Inc.
8.8% Yield Seen As Huge Dividend For Diamond Offshore (DO) Stock; Senior Analyst Picks It As A Top Stock
2010-03-05 07:41:34
Quote: This 74 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers.The Wall Street Transcript Online.
Topics covered: Large Cap Dividend And Growth Plays -- Cash Flow Growth And Dividend Growth -- Graham And Buffett Margin Of Safety -- Utilities, Telecom and Energy Dividend StocksCompanies include: Medtronic (MDT); AFLAC (AFL); Abbott Labs(ABT); Bank of America (BAC); Barnes & Noble (BKS); Diamond Offshore Drilling (D...Read article
Diamond Offshore Drilling, Inc. Announces Three New Term Floater Commitments
2010-03-04 06:18:40
Quote: Maximumcontract revenue as stated above assumes 100% rig utilization.Generally, rig utilization rates approach 95-98% during contractedperiods; however, utilization rates can be adversely impacted byadditional downtime due to unscheduled repairs, maintenance and weather.Additional information on Diamond Offshore Drilling, Inc. and access tothe Company’s SEC filings is available on the Internet at Statements contained in this press release which are not historicalfacts are “forward-l...Read article
8.8% Yield Seen As Huge Dividend For Diamond Offshore (DO) Stock; Senior Analyst Picks It As A Top Stock
2010-03-04 06:18:39
Quote: This 74 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers.The Wall Street Transcript Online.
Topics covered: Large Cap Dividend And Growth Plays -- Cash Flow Growth And Dividend Growth -- Graham And Buffett Margin Of Safety -- Utilities, Telecom and Energy Dividend StocksCompanies include: Medtronic (MDT); AFLAC (AFL); Abbott Labs(ABT); Bank of America (BAC); Barnes & Noble (BKS); Diamond Offshore Drillin...Read article
Diamond Offshore gets contracts worth up to $1.36B
2010-03-04 06:18:39
Quote: HOUSTON (AP) -- Diamond Offshore Drilling Inc. said on Tuesday that it has entered drilling contracts with Petrobras in Brazil worth as much as $1.36 billion, plus potential bonus payments.The contracts for three floating drilling rigs include:-- A three-year deal for the ultra-deepwater semisubmersible Ocean Valor, worth up to $493 million in revenue. The company is preparing to move the rig from Singapore to Brazil, with work expected to begin in the middle of this year.-- A three-year deal fo...Read article
Diamond Offshore gets contracts worth up to $1.36B
2010-03-03 07:04:03
Quote: HOUSTON (AP) -- Diamond Offshore Drilling Inc. said on Tuesday that it has entered drilling contracts with Petrobras in Brazil worth as much as $1.36 billion, plus potential bonus payments.The contracts for three floating drilling rigs include:-- A three-year deal for the ultra-deepwater semisubmersible Ocean Valor, worth up to $493 million in revenue. The company is preparing to move the rig from Singapore to Brazil, with work expected to begin in the middle of this year.-- A three-year deal fo...Read article
Diamond Offshore Drilling, Inc. Announces Three New Term Floater Commitments
2010-03-03 07:04:03
Quote: Maximumcontract revenue as stated above assumes 100% rig utilization.Generally, rig utilization rates approach 95-98% during contractedperiods; however, utilization rates can be adversely impacted byadditional downtime due to unscheduled repairs, maintenance and weather.Additional information on Diamond Offshore Drilling, Inc. and access tothe Company’s SEC filings is available on the Internet at Statements contained in this press release which are not historicalfacts are “forward-l...Read article
DIAMOND OFFSHORE DRILLING INC Files SEC form 8-K, Regulation FD Disclosure
2010-03-02 07:43:24
Quote: Regulation FD Disclosure
Diamond Offshore Drilling, Inc. (the "Company") hereby incorporates by
reference into this Item 7.01 the summary report of the status, as of March 1,
2010, of the Company's offshore drilling rigs attached as Exhibit 99.1, which is
being furnished in accordance with Rule 101(e)(1) under Regulation FD and shall
not be deemed to be "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, and will not be incorporated by ref...Read article
8.8% Yield And 31 Deepwater Semi-Submersible Rigs Makes Diamond Offshore (DO) A Dream Stock For Funds Co-Founder
2010-03-01 03:01:42
Quote: This 74 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers.The Wall Street Transcript Online.
Topics covered: Large Cap Dividend And Growth Plays -- Cash Flow Growth And Dividend Growth -- Graham And Buffett Margin Of Safety -- Utilities, Telecom and Energy Dividend StocksCompanies include: Medtronic (MDT); AFLAC (AFL); Abbott Labs(ABT); Bank of America (BAC); Barnes & Noble (BKS); Diamond Offshore Drillin...Read article
Al Frank Dividend Fund Targets Microsoft, Intel
2010-03-01 03:01:42
Quote: What is your top stock pick? Buckingham:We think that dividend-oriented investors may be overlooking one of our favorite names, Diamond Offshore Drilling, a leader in deepwater drilling and a provider of contract drilling services around the globe. Diamond pays a regular 12.5-cent quarterly dividend, which would suggest a paltry yield for an $85 stock, but the company regularly pays special dividends, the latest equaling $1.88. In fact, the total payout has been $2 per share in each of the last ...Read article
8.8% Yield And 31 Deepwater Semi-Submersible Rigs Makes Diamond Offshore (DO) A Dream Stock For Funds Co-Founder
2010-02-25 05:55:02
Quote: This 74 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers.The Wall Street Transcript Online.
Topics covered: Large Cap Dividend And Growth Plays -- Cash Flow Growth And Dividend Growth -- Graham And Buffett Margin Of Safety -- Utilities, Telecom and Energy Dividend StocksCompanies include: Medtronic (MDT); AFLAC (AFL); Abbott Labs(ABT); Bank of America (BAC); Barnes & Noble (BKS); Diamond Offshore Drillin...Read article
An Oil Services Super-Stock in the Making?
2010-02-22 03:20:53
Quote: Shares of Smith InternationalSIINewsWall Street Journal said that rival SchlumbergerSLBNews) is in "advanced discussions" to acquire the firm.WSJ that industry giant Schlumberger and Smith International could announce a merger in coming days, creatinga single powerhouse oil services company.According to the report, the resulting firm would have more than double the revenue of next-largest HaliburtonHALNews), and it could push competitors into mergers of their own.Oil Services and Equipment Stock...Read article
Loews Q4 misses on drilling co profit drop
2010-02-09 07:26:04
Keywords: Insurance (industry group),Financials,United States of America,Corporate Results,Corporate Results Forecasts,Business activities,Major Breaking News,Energy and Resources,Commercial services and supplies (industry group),Industrial machinery,Machinery,Comp
Quote: Diamond Offshore Drilling (DO.N), in which Loews has a 50.4
percent stake, last week reported a 6 percent drop in
fourth-quarter results due to weak demand for shallow-water
rigs and a higher tax bill. [ID:nN04164657] New York-based Loews, run by the billionaire Tisch family,
posted income from continuing operations of $403 million, or 94
cents a share, compared with a year-earlier loss of $958
million, or $2.20 a share. Excluding investment gains of 11 cents a share, Loews
reported a profit of ...Read article
[$$] Diamond Offshore Has Some Flaws
2010-02-08 04:23:34
Quote: Diamond Offshore Drilling (DO: NYSE)By Jefferies & Co. ($89.79, Feb. 5, 2010) DESPITE LOW DEBT, A STRONG backlog in 2010, and cheap earnings and earnings before interest, taxes, depreciation and amortization multiples, we believe that Diamond Offshore Drilling (Ticker: DO) shares are fairly valued based on the prospects for earnings declines through 2011 as the company's backlog of midwater and deepwater contracts reprices significantly lower and utilization becomes more uncertain. Diamond repor...Read article
Diamond Offshore Drilling, Inc. Declares Special Cash Dividend of $1.875 Per Share
2010-02-05 11:54:55
Quote: HOUSTON--(BUSINESS WIRE)--Diamond Offshore Drilling, Inc. (NYSE: DO) announced today thatthe Company has declared a special cash dividend of $1.875 per share ofcommon stock and a regular quarterly cash dividend of $0.125 per shareof common stock. Both dividends are payable on March 1, 2010 toshareholders of record on February 12, 2010.The Company has adopted a policy of considering paying special cashdividends, in amounts to be determined, on a quarterly basis. Anydetermination to declare a spec...Read article
Diamond Offshore Drilling, Inc. Announces Fourth Quarter 2009 Results
2010-02-05 11:54:54
Quote: Press ReleaseSource: Diamond Offshore Drilling, Inc.On Thursday February 4, 2010, 7:02 am EST(NYSE: - Results for the fourth quarter of 2009 were adversely impacted byincreased tax expense, largely arising from the (i) changing mix ofdomestic and international earnings during the year (ii) foreignexchange differences which affected the amount of foreign tax creditsthat could be utilized and (iii) to a lesser degree, an assessment byBrazil related to operations in 2004 and 2005. All of these fact...Read article
Q4 2009 Diamond Offshore Drilling Inc. Earnings Release - Time Not Supplied
2010-02-05 11:54:53
Quote: Read article
DIAMOND OFFSHORE DRILLING INC Files SEC form 8-K, Results of Operations and Financial Condition
2010-02-05 11:54:53
Quote: Results of Operations and Financial Condition
On February 4, 2010, Diamond Offshore Drilling, Inc. issued a press release
announcing its financial results for the fiscal quarter and year ended
December 31, 2009. A copy of such press release is furnished herewith as
Exhibit 99.1.
The information furnished in this Current Report on Form 8-K, including
Exhibit 99.1, is being furnished pursuant to Item 2.02 of Form 8-K and shall not
be deemed "filed" for purposes of Section 18 of the Se...Read article
Diamond Offshore profit falls 6%
2010-02-05 11:54:52
Keywords: , DO, Diamond Offshore Drilling Inc
Quote: NEW YORK (MarketWatch) -- Diamond Offshore Drilling Inc./quotes/comstock/13*!do/quotes/nls/do(DO86.51,-3.28,-3.65%) said Thursday fourth-quarter net income fell to $276.1 million, or $1.98 a share, from $293.3 million, or $2.11 a share, in the year-ago period. Diamond Offshore's revenue dropped to $890.8 million from $903.2 milllion, in the year-ago period. The company was expected to earn $2.32 a share on revenue of $890 million, according to a survey of analysts by FactSet Research. The compan...Read article
Diamond Offshore Drilling, Inc. Q4 2009 Earnings Call Transcript
2010-02-05 11:54:51
Quote: Diamond Offshore Drilling, Inc. (DO)
Q4 2009 Earnings Call Transcript
February 4, 2010 10:00 am ET
Executives
Les Van Dyke – Director, IR
Larry Dickerson – President and CEO
Gary Krenek – SVP and CFO
John Vecchio – EVP
Bob Blair – SVP, Contracts and Marketing
Analysts
Angie Sedita – UBS
Dave Wilson – Howard Weil
Dan Boyd – Goldman Sachs
Collin Gerry – Raymond James
Robin Shoemaker – Citi
Ian McPherson – Simmons & Co...Read article
UPDATE - Diamond Offshore Q4 slips, sees more rig downtime
2010-02-05 11:54:51
Keywords: Energy and Resources,United States of America,Energy equipment and services,Corporate Results,Business activities,Norway,Nordic Countries,Europe,Western Europe,Company News item,Economic news, EC, business/financial pages,
Quote: Read article
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