Oil company Diamond Offshore files for bankruptcy [CNNMoney.com]
Diamond Offshore Drilling, Inc. (DO)
Last diamond offshore drilling, inc. earnings: 2/10 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
investor.diamondoffshore.com
Company Research
Source: CNNMoney.com
Oil company Diamond Offshore files for bankruptcy New York (CNN Business) The cratering oil market has tipped ye t another energy company into bankruptcy. Diamond Offshore ( DO ) , which was posting losses even before the current plunge in oil prices, filed for bankruptcy protection Monday. As its name suggests it conducts offshore drilling with 15 rigs working for Hess, Occidental ( OXY ) , Petróleo Brasileiro and BP ( BP ) . Diamond lost $357 million last year -- nearly twice the loss it posted in 2018 -- as revenue fell 12% to just under $1 billion. It has posted losses in four of the last five years, with only a narrow profit of $18 million in 2017. Over the last five years its losses total $1.2 billion. The company had nearly $2 billion in long-term debt on its balance sheet as of Dec. 31, and only $156 million in cash. Diamond employs 2,500 workers. The price of oil has plunged in recent months because of a sharp drop in demand: The stay-at-home
Show less
Read more
Impact Snapshot
Event Time:
DO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DO alerts
High impacting Diamond Offshore Drilling, Inc. news events
Weekly update
A roundup of the hottest topics