Diamond Offshore Drilling: Investors Should Look Beyond Recent Rig Incident Impact - Buy [Seeking Alpha]
Diamond Offshore Drilling, Inc. (DO)
Last diamond offshore drilling, inc. earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
investor.diamondoffshore.com
Company Research
Source: Seeking Alpha
On a more positive note, Diamond Offshore Drilling managed to secure two-year contract extensions for two of its high-specification drillships in the U.S. Gulf of Mexico at decent rates. Consequently, I have raised my Adjusted EBITDA projections for 2025 and 2026 and would urge investors to look beyond the company's mediocre near-term prospects and rather focus on next year's earnings inflection. However, following the most recent rally in offshore oil service stocks, I wouldn't chase the shares aggressively and rather wait for a near-term pullback. I am reiterating my " Buy " rating on the stock, with an increased price target of $19. Massively Outperform in Any Market Value Investor's Edge provides the world's best energy, shipping, and offshore market research. Even during turbulent market conditions, our long-only models have outperformed the S&P 500 by more than 30% YTD. We also offer income-focused coverage geared towards investors who prefer lower-risk firms with s
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DO
News
- DIAMOND OFFSHORE TO RELEASE FIRST QUARTER 2024 RESULTSPR Newswire
- There's Been No Shortage Of Growth Recently For Diamond Offshore Drilling's (NYSE:DO) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- Diamond Offshore (DO) Secures Additional Backlog Worth $350M [Yahoo! Finance]Yahoo! Finance
- DIAMOND OFFSHORE ANNOUNCES NEW DRILLSHIP COMMITMENTPR Newswire
- Diamond Offshore Drilling, Inc. (NYSE:DO) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
DO
Earnings
- 2/27/24 - Miss