Comparing Diamond Offshore Drilling (DO) and Its Competitors
Diamond Offshore Drilling (NYSE: DO) is one of 18 publicly-traded companies in the “Oil & Gas Drilling” industry, but how does it weigh in compared to its competitors? We will compare Diamond Offshore Drilling to similar companies based on the strength of its institutional ownership, analyst recommendations, valuation, dividends, risk, profitability and earnings.
Valuation & Earnings
This table compares Diamond Offshore Drilling and its competitors revenue, earnings per share (EPS) and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Diamond Offshore Drilling||$1.48 billion||$660.47 million||12.56|
|Diamond Offshore Drilling Competitors||$1.42 billion||$540.19 million||-6.94|
Diamond Offshore Drilling has higher revenue and earnings than its competitors. Diamond Offshore Drilling is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Insider & Institutional Ownership
74.7% of shares of all “Oil & Gas Drilling” companies are owned by institutional investors. 0.0% of Diamond Offshore Drilling shares are owned by company insiders. Comparatively, 2.2% of shares of all “Oil & Gas Drilling” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.
Volatility & Risk
Diamond Offshore Drilling has a beta of 1.18, meaning that its share price is 18% more volatile than the S&P 500. Comparatively, Diamond Offshore Drilling’s competitors have a beta of 1.89, meaning that their average share price is 89% more volatile than the S&P 500.
This is a summary of recent ratings and recommmendations for Diamond Offshore Drilling and its competitors, as reported by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Diamond Offshore Drilling||8||13||3||0||1.79|
|Diamond Offshore Drilling Competitors||493||1524||1237||57||2.26|
Diamond Offshore Drilling presently has a consensus target price of $14.46, suggesting a potential downside of 7.21%. As a group, “Oil & Gas Drilling” companies have a potential upside of 26.85%. Given Diamond Offshore Drilling’s competitors stronger consensus rating and higher probable upside, analysts plainly believe Diamond Offshore Drilling has less favorable growth aspects than its competitors.
This table compares Diamond Offshore Drilling and its competitors’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Diamond Offshore Drilling||11.19%||5.77%||3.42%|
|Diamond Offshore Drilling Competitors||-18.41%||-8.37%||-2.62%|
Diamond Offshore Drilling competitors beat Diamond Offshore Drilling on 7 of the 13 factors compared.
Diamond Offshore Drilling Company Profile
Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water. The principal markets for its offshore contract drilling services are the Gulf of Mexico, including the United States and Mexico; South America, principally offshore Brazil, and Trinidad and Tobago; Australia and Southeast Asia, including Malaysia, Indonesia and Vietnam; Europe, principally offshore the United Kingdom and Norway; East and West Africa; the Mediterranean, and the Middle East. The Company provides offshore drilling services to a customer base that includes independent oil and gas companies, and government-owned oil companies.
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