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 | $312.13M | $317.07M | $313.44M | $308.83M | $303.45M | $310.35M | $284.09M | $285.87M | $224.24M | $278.76M | $264.64M | $282.82M | $299.63M | $246.65M | $281.58M | $237.99M | $242.03M | $207.46M | $188.42M | $199.63M | $218.98M | $31.68M | $33.88M | $311.98M | $421.09M | $316.97M | $238.19M | $639.94M | $594.98M | $799.80M |
| Low Forecast | $288.91M | $293.47M | $290.12M | $285.84M | $280.87M | $287.26M | $262.95M | $264.59M | $207.55M | $258.02M | $244.95M | $261.77M | $277.34M | $228.30M | $260.62M | $220.28M | $224.02M | $192.02M | $180.48M | $191.21M | $209.75M | $21.12M | $22.59M | $207.98M | $280.73M | $211.31M | $158.79M | $426.63M | $396.65M | $533.20M |
| # Analysts | 1 | 1 | 1 | 1 | - | - | - | - | 1 | 2 | 1 | 1 | 2 | 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 $261.77M, and a high forecast of $282.82M. 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 | 2 | 1 | 1 | 2 | 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 | $6.98M | $14.45M | $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 | $9.30M | $9.45M | $9.34M | $9.21M | $9.05M | $9.25M | $8.47M | $8.52M | $6.68M | $8.31M | $7.89M | $-2.53B | $8.93M | $7.35M | $8.39M | $-2.71B | $7.21M | $17.34M | $5.62M | $-2.90B | $6.53M | $-3.10B | $-3.31B | $52.13M | $78.64M | $90.55M | $91.62M | $-100.33M | $206.41M | $329.12M |
| Low Forecast | $8.61M | $8.75M | $8.65M | $8.52M | $8.37M | $8.56M | $7.84M | $7.89M | $6.19M | $7.69M | $7.30M | $-3.80B | $8.27M | $6.80M | $7.77M | $-4.06B | $6.68M | $11.56M | $5.38M | $-4.35B | $6.25M | $-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% | -1.79% | -1.97% | -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 | 2 | 1 | 1 | 2 | 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 | $-27.42M | $-80.01M | $-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 | $62.98M | $66.90M | $66.04M | $64.30M | $59.17M | $53.44M | $48.11M | $45.03M | $1.21M | $29.05M | $13.68M | $-2.90B | $12.46M | $-32.71M | $-13.70M | $-3.10B | $-25.88M | $-64.01M | $-15.26M | $-3.32B | $-6.11M | $-3.55B | $-3.80B | $-64.63M | $26.82M | $18.09M | $42.73M | $-171.26M | $109.55M | $191.17M |
| Low Forecast | $56.95M | $60.49M | $59.72M | $58.14M | $53.50M | $48.32M | $43.50M | $40.71M | $1.10M | $26.27M | $12.37M | $-4.35B | $11.26M | $-36.17M | $-15.15M | $-4.65B | $-28.62M | $-96.01M | $-16.14M | $-4.98B | $-6.46M | $-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% | 1.91% | 0.63% | 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 $-36.17M to $-32.71M. 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 | 2 | 1 | 1 | 2 | 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 | $81.35M | $95.77M | $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 | $108.46M | $110.17M | $108.91M | $107.31M | $105.44M | $107.84M | $98.71M | $99.33M | $77.92M | $96.86M | $91.95M | $82.52M | $104.11M | $85.70M | $97.84M | $88.26M | $84.10M | $114.92M | $65.47M | $94.40M | $76.09M | $11.01M | $11.77M | $143.44M | $142.84M | $84.24M | $58.37M | $526.84M | $97.23M | $123.94M |
| Low Forecast | $100.39M | $101.97M | $100.81M | $99.32M | $97.59M | $99.81M | $91.37M | $91.94M | $72.12M | $89.65M | $85.11M | $55.02M | $96.36M | $79.32M | $90.56M | $58.84M | $77.84M | $76.62M | $62.71M | $62.93M | $72.88M | $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% | 0.21% | 6.22% | 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 | 2 | 1 | 1 | 2 | 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 | $0.60 | $0.64 | $0.63 | $0.61 | $0.56 | $0.51 | $0.46 | $0.43 | $0.01 | $0.28 | $0.13 | $-0.02 | $0.12 | $-0.31 | $-0.13 | $-0.19 | $-0.25 | $-0.20 | $-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 | $0.54 | $0.58 | $0.57 | $0.55 | $0.51 | $0.46 | $0.41 | $0.39 | $0.01 | $0.25 | $0.12 | $-0.03 | $0.11 | $-0.34 | $-0.14 | $-0.21 | $-0.27 | $-0.22 | $-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 $-0.34 and a high estimate of $-0.31. 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 |
|---|---|---|---|---|---|
| NBR | Nabors Industries | $62.61 | $151.67 | 142.25% | Buy |
| PTEN | Patterson-UTI Energy | $7.91 | $18.86 | 138.43% | Buy |
| NE | Noble | $34.09 | $61.00 | 78.94% | Buy |
| HP | Helmerich & Payne | $29.85 | $49.55 | 66.00% | Hold |
| BORR | Borr Drilling | $5.48 | $9.00 | 64.23% | Buy |
| DO | Diamond Offshore Drilling | $13.99 | $22.00 | 57.26% | Buy |
| RIG | Transocean | $4.13 | $6.12 | 48.18% | Buy |
| PDS | Precision Drilling | $63.46 | $71.33 | 12.40% | Buy |
DO Forecast FAQ
Is Diamond Offshore Drilling a good buy?
Yes, according to 1 Wall Street analysts, Diamond Offshore Drilling (DO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 100.00% of DO's total ratings.
What is DO's price target?
Diamond Offshore Drilling (DO) average price target is $22 with a range of $22 to $22, implying a 57.26% from its last price of $13.99. The data is based on 1 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Diamond Offshore Drilling stock go up soon?
According to Wall Street analysts' prediction for DO stock, the company can go up by 57.26% (from the last price of $13.99 to the average price target of $22), up by 57.26% based on the highest stock price target, and up by 57.26% based on the lowest stock price target.
Can Diamond Offshore Drilling stock reach $20?
DO's average twelve months analyst stock price target of $22 supports the claim that Diamond Offshore Drilling can reach $20 in the near future.
What are Diamond Offshore Drilling's analysts' financial forecasts?
Diamond Offshore Drilling's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $1.15B (high $1.18B, low $1.1B), average EBITDA is $34.13M (high $35.28M, low $32.66M), average net income is $197.08M (high $205.74M, low $186.03M), average SG&A $397.87M (high $411.32M, low $380.71M), and average EPS is $1.88 (high $1.96, low $1.77). DO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.21B (high $1.25B, low $1.16B), average EBITDA is $36.08M (high $37.3M, low $34.53M), average net income is $249.28M (high $260.23M, low $235.3M), average SG&A $420.63M (high $434.84M, low $402.48M), and average EPS is $2.37 (high $2.48, low $2.24).
Did the DO's actual financial results beat the analysts' financial forecasts?
Based on Diamond Offshore Drilling's last annual report (Dec 2023), the company's revenue was $1.06B, beating the average analysts forecast of $1.03B by 2.44%. Apple's EBITDA was $51.06M, missing the average prediction of $-3.362B by -101.52%. The company's net income was $-44.706M, missing the average estimation of $-3.916B by -98.86%. Apple's SG&A was $72.25M, missing the average forecast of $351.8M by -79.46%. Lastly, the company's EPS was $-0.44, missing the average prediction of $-0.559 by -21.32%. In terms of the last quarterly report (Dec 2023), Diamond Offshore Drilling's revenue was $297.64M, beating the average analysts' forecast of $289.84M by 2.69%. The company's EBITDA was $44.92M, beating the average prediction of $8.64M by 419.89%. Diamond Offshore Drilling's net income was $-146M, missing the average estimation of $11.93M by -1321.24%. The company's SG&A was $19.19M, missing the average forecast of $100.71M by -80.95%. Lastly, the company's EPS was $-1.42, missing the average prediction of $0.114 by -1350.77%