Diamond Offshore Drilling (DO) Stock Forecast, Price Target & Predictions
DO Stock Forecast
Diamond Offshore Drilling stock forecast is as follows: an average price target of $22.00 (represents a 57.26% upside from DO’s last price of $13.99) and a rating consensus of 'Buy', based on 1 wall street analysts offering a 1-year stock forecast.
DO Price Target
The average price target for Diamond Offshore Drilling (DO) is $22.00 based on 1-year price targets from 1 Wall Street analysts in the past 3 months, with a price target range of $22.00 to $22.00. This represents a potential 57.26% upside from DO's last price of $13.99.
DO Analyst Ratings
According to 1 Wall Street analysts, Diamond Offshore Drilling's rating consensus is 'Buy'. The analyst rating breakdown for DO stock is 0 'Strong Buy' (0.00%), 1 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Diamond Offshore Drilling Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| May 16, 2024 | Ed KLim | Barclays | $22.00 | $14.73 | 49.36% | 57.26% |
The latest Diamond Offshore Drilling stock forecast, released on May 16, 2024 by Ed KLim from Barclays, set a price target of $22.00, which represents a 49.36% increase from the stock price at the time of the forecast ($14.73), and a 57.26% increase from DO last price ($13.99).
Diamond Offshore Drilling Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $22.00 |
| Last Closing Price | $13.99 | $13.99 | $13.99 |
| Upside/Downside | -100.00% | -100.00% | 57.26% |
In the current month, the average price target of Diamond Offshore Drilling stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Diamond Offshore Drilling's last price of $13.99. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| May 16, 2024 | Barclays | Overweight | Overweight | Hold |
Diamond Offshore Drilling's last stock rating was published by Barclays on May 16, 2024. The company gave DO a "Overweight" rating, the same as its previous rate.
Diamond Offshore Drilling Financial Forecast
Diamond Offshore Drilling Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $297.64M | $244.96M | $281.56M | $232.02M | $223.26M | $618.01M | $205.70M | $186.24M | - | $134.82M | $229.17M | $233.54M | $295.50M | $374.20M | $470.50M | $620.10M | $709.40M | $729.70M |
| Avg Forecast | $301.93M | $306.70M | $303.20M | $298.73M | $293.53M | $300.21M | $274.80M | $276.52M | $216.91M | $269.65M | $255.99M | $273.57M | $289.84M | $238.59M | $272.37M | $230.21M | $234.11M | $200.68M | $185.00M | $196.00M | $215.00M | $26.40M | $28.23M | $259.98M | $350.91M | $264.14M | $198.49M | $533.29M | $495.82M | $666.50M |
| High Forecast | $301.93M | $306.70M | $303.20M | $298.73M | $293.53M | $300.21M | $274.80M | $276.52M | $216.91M | $269.65M | $255.99M | $273.57M | $289.84M | $238.59M | $272.37M | $230.21M | $234.11M | $200.68M | $185.00M | $196.00M | $215.00M | $31.68M | $33.88M | $311.98M | $421.09M | $316.97M | $238.19M | $639.94M | $594.98M | $799.80M |
| Low Forecast | $301.93M | $306.70M | $303.20M | $298.73M | $293.53M | $300.21M | $274.80M | $276.52M | $216.91M | $269.65M | $255.99M | $273.57M | $289.84M | $238.59M | $272.37M | $230.21M | $234.11M | $200.68M | $185.00M | $196.00M | $215.00M | $21.12M | $22.59M | $207.98M | $280.73M | $211.31M | $158.79M | $426.63M | $396.65M | $533.20M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 11 | 12 | 13 | 15 | 11 | 16 | 13 | 15 | 16 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.03% | 1.03% | 1.01% | 0.95% | 3.08% | 1.11% | 0.95% | - | 5.11% | 8.12% | 0.90% | 0.84% | 1.42% | 2.37% | 1.16% | 1.43% | 1.09% |
Diamond Offshore Drilling's average Quarter revenue forecast for Mar 24 based on 1 analysts is $273.57M, with a low forecast of $273.57M, and a high forecast of $273.57M. DO's average Quarter revenue forecast represents a -8.08% decrease compared to the company's last Quarter revenue of $297.64M (Dec 23).
Diamond Offshore Drilling EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 11 | 12 | 13 | 15 | 11 | 16 | 13 | 15 | 16 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $44.91M | $863.00K | $10.24M | $21.59M | $-12.50M | $-28.49M | $-10.49M | $-9.64M | - | $-256.69M | $-752.48M | $39.43M | $56.60M | $117.60M | $187.40M | $-149.80M | $274.70M | $303.00M |
| Avg Forecast | $9.00M | $9.14M | $9.04M | $8.90M | $8.75M | $8.95M | $8.19M | $8.24M | $6.47M | $8.04M | $7.63M | $-3.17B | $8.64M | $7.11M | $8.12M | $-3.39B | $44.96M | $5.98M | $5.51M | $-3.62B | $6.41M | $-3.87B | $-4.14B | $43.44M | $65.54M | $75.46M | $76.35M | $-125.41M | $172.00M | $274.27M |
| High Forecast | $9.00M | $9.14M | $9.04M | $8.90M | $8.75M | $8.95M | $8.19M | $8.24M | $6.47M | $8.04M | $7.63M | $-2.53B | $8.64M | $7.11M | $8.12M | $-2.71B | $53.96M | $5.98M | $5.51M | $-2.90B | $6.41M | $-3.10B | $-3.31B | $52.13M | $78.64M | $90.55M | $91.62M | $-100.33M | $206.41M | $329.12M |
| Low Forecast | $9.00M | $9.14M | $9.04M | $8.90M | $8.75M | $8.95M | $8.19M | $8.24M | $6.47M | $8.04M | $7.63M | $-3.80B | $8.64M | $7.11M | $8.12M | $-4.06B | $35.97M | $5.98M | $5.51M | $-4.35B | $6.41M | $-4.65B | $-4.97B | $34.75M | $52.43M | $60.37M | $61.08M | $-150.50M | $137.60M | $219.41M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 5.20% | 0.12% | 1.26% | -0.01% | -0.28% | -4.76% | -1.90% | 0.00% | - | 0.07% | 0.18% | 0.91% | 0.86% | 1.56% | 2.45% | 1.19% | 1.60% | 1.10% |
1 analysts predict DO's average Quarter EBITDA for Mar 24 to be $-3.17B, with a high of $-2.53B and a low of $-3.80B. This is -7148.87% lower than Diamond Offshore Drilling's previous annual EBITDA (Dec 23) of $44.91M.
Diamond Offshore Drilling Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 11 | 12 | 13 | 15 | 11 | 16 | 13 | 15 | 16 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-145.70M | $-145.02M | $238.78M | $7.23M | $-52.44M | $-50.77M | $-21.93M | $-34.35M | - | $-361.68M | $-861.94M | $-73.33M | $19.40M | $23.60M | $87.40M | $-255.70M | $145.80M | $176.00M |
| Avg Forecast | $60.33M | $64.09M | $63.26M | $61.60M | $56.68M | $51.19M | $46.08M | $43.13M | $1.16M | $27.83M | $13.10M | $-3.63B | $11.93M | $-34.65M | $-14.52M | $-3.88B | $-80.56M | $-21.88M | $-15.76M | $-4.15B | $-6.31M | $-4.44B | $-4.75B | $-80.79M | $22.35M | $15.08M | $35.61M | $-214.07M | $91.29M | $159.31M |
| High Forecast | $60.33M | $64.09M | $63.26M | $61.60M | $56.68M | $51.19M | $46.08M | $43.13M | $1.16M | $27.83M | $13.54M | $-2.90B | $11.93M | $-34.65M | $-14.52M | $-3.10B | $-64.45M | $-21.88M | $-15.76M | $-3.32B | $-6.31M | $-3.55B | $-3.80B | $-64.63M | $26.82M | $18.09M | $42.73M | $-171.26M | $109.55M | $191.17M |
| Low Forecast | $60.33M | $64.09M | $63.26M | $61.60M | $56.68M | $51.19M | $46.08M | $43.13M | $1.16M | $27.83M | $12.66M | $-4.35B | $11.93M | $-34.65M | $-14.52M | $-4.65B | $-96.68M | $-21.88M | $-15.76M | $-4.98B | $-6.31M | $-5.32B | $-5.69B | $-96.94M | $17.88M | $12.06M | $28.49M | $-256.89M | $73.03M | $127.45M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -12.21% | 4.19% | -16.45% | -0.00% | 0.65% | 2.32% | 1.39% | 0.01% | - | 0.08% | 0.18% | 0.91% | 0.87% | 1.57% | 2.45% | 1.19% | 1.60% | 1.10% |
Diamond Offshore Drilling's average Quarter net income forecast for Sep 23 is $-34.65M, with a range of $-34.65M to $-34.65M. DO's average Quarter net income forecast represents a -114.51% decrease compared to the company's last Quarter net income of $238.78M (Jun 23).
Diamond Offshore Drilling SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 11 | 12 | 13 | 15 | 11 | 16 | 13 | 15 | 16 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $19.19M | $16.65M | $16.82M | $210.29M | $17.39M | $595.36M | $190.46M | $197.25M | - | $165.78M | $16.34M | $108.50M | $102.80M | $109.40M | $119.40M | $524.40M | $129.40M | $114.10M |
| Avg Forecast | $104.91M | $106.57M | $105.35M | $103.80M | $101.99M | $104.31M | $95.48M | $96.08M | $75.37M | $93.69M | $88.95M | $68.77M | $100.71M | $82.90M | $94.64M | $73.55M | $116.45M | $69.73M | $64.28M | $78.66M | $74.71M | $9.17M | $9.81M | $119.53M | $119.03M | $70.20M | $48.64M | $439.03M | $81.02M | $103.28M |
| High Forecast | $104.91M | $106.57M | $105.35M | $103.80M | $101.99M | $104.31M | $95.48M | $96.08M | $75.37M | $93.69M | $88.95M | $82.52M | $100.71M | $82.90M | $94.64M | $88.26M | $139.74M | $69.73M | $64.28M | $94.40M | $74.71M | $11.01M | $11.77M | $143.44M | $142.84M | $84.24M | $58.37M | $526.84M | $97.23M | $123.94M |
| Low Forecast | $104.91M | $106.57M | $105.35M | $103.80M | $101.99M | $104.31M | $95.48M | $96.08M | $75.37M | $93.69M | $88.95M | $55.02M | $100.71M | $82.90M | $94.64M | $58.84M | $93.16M | $69.73M | $64.28M | $62.93M | $74.71M | $7.34M | $7.85M | $95.62M | $95.23M | $56.16M | $38.92M | $351.23M | $64.82M | $82.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.19% | 0.20% | 0.18% | 2.86% | 0.15% | 8.54% | 2.96% | 2.51% | - | 18.07% | 1.67% | 0.91% | 0.86% | 1.56% | 2.45% | 1.19% | 1.60% | 1.10% |
Diamond Offshore Drilling's average Quarter SG&A projection for Mar 24 is $68.77M, based on 1 Wall Street analysts, with a range of $55.02M to $82.52M. The forecast indicates a 258.37% rise compared to DO last annual SG&A of $19.19M (Dec 23).
Diamond Offshore Drilling EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Mar 21 | Mar 20 | Mar 19 | Mar 18 | Mar 17 | Mar 16 | Mar 15 | Mar 14 | Mar 13 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 5 | 11 | 12 | 13 | 15 | 11 | 16 | 13 | 15 | 16 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-1.42 | $-1.42 | $2.35 | $0.07 | $-0.52 | $-0.51 | $-0.22 | $-0.34 | - | $-3.61 | $-6.25 | $-0.53 | $0.14 | $0.17 | $0.64 | $-1.86 | $1.05 | $1.27 |
| Avg Forecast | $0.57 | $0.61 | $0.60 | $0.59 | $0.54 | $0.49 | $0.44 | $0.41 | $0.01 | $0.26 | $0.12 | $-0.03 | $0.11 | $-0.33 | $-0.14 | $-0.20 | $-0.26 | $-0.21 | $-0.15 | $-0.12 | $-0.06 | $-3.96 | $-4.24 | $-0.65 | $-0.22 | $0.08 | $0.11 | $0.36 | $0.41 | $1.05 |
| High Forecast | $0.57 | $0.61 | $0.60 | $0.59 | $0.54 | $0.49 | $0.44 | $0.41 | $0.01 | $0.26 | $0.13 | $-0.03 | $0.11 | $-0.33 | $-0.14 | $-0.20 | $-0.26 | $-0.21 | $-0.15 | $-0.12 | $-0.06 | $-3.17 | $-3.39 | $-0.52 | $-0.18 | $0.09 | $0.13 | $0.43 | $0.49 | $1.26 |
| Low Forecast | $0.57 | $0.61 | $0.60 | $0.59 | $0.54 | $0.49 | $0.44 | $0.41 | $0.01 | $0.26 | $0.12 | $-0.03 | $0.11 | $-0.33 | $-0.14 | $-0.20 | $-0.26 | $-0.21 | $-0.15 | $-0.12 | $-0.06 | $-4.76 | $-5.09 | $-0.78 | $-0.26 | $0.06 | $0.09 | $0.29 | $0.33 | $0.84 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -12.51% | 4.31% | -17.01% | -0.34% | 1.99% | 2.45% | 1.47% | 2.83% | - | 0.91% | 1.47% | 0.82% | -0.64% | 2.13% | 5.82% | -5.17% | 2.56% | 1.21% |
According to 1 Wall Street analysts, Diamond Offshore Drilling's projected average Quarter EPS for Sep 23 is $-0.33, with a low estimate of $-0.33 and a high estimate of $-0.33. This represents a -114.03% decrease compared to DO previous annual EPS of $2.35 (Jun 23).
Diamond Offshore Drilling Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| BORR | Borr Drilling | $3.94 | $9.00 | 128.43% | Buy |
| PTEN | Patterson-UTI Energy | $8.11 | $16.81 | 107.27% | Buy |
| NBR | Nabors Industries | $72.84 | $131.67 | 80.77% | Buy |
| NE | Noble | $33.43 | $57.50 | 72.00% | Buy |
| DO | Diamond Offshore Drilling | $13.99 | $22.00 | 57.26% | Buy |
| HP | Helmerich & Payne | $33.40 | $49.55 | 48.35% | Hold |
| RIG | Transocean | $4.20 | $6.12 | 45.71% | Buy |
| PDS | Precision Drilling | $62.77 | $71.33 | 13.64% | Buy |