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Diamond Offshore Drilling Inc (DO)

DO on New York Consolidated

15.71USD
24 Mar 2017
Change (% chg)

$0.08 (+0.51%)
Prev Close
$15.63
Open
$15.67
Day's High
$15.94
Day's Low
$15.56
Volume
2,238,100
Avg. Vol
2,874,229
52-wk High
$26.72
52-wk Low
$14.48

Latest Key Developments (Source: Significant Developments)

Diamond Offshore announces tax expense adjustment to Q4, FY16 earnings
Monday, 13 Feb 2017 06:08am EST 

Diamond Offshore Drilling Inc - : Diamond Offshore announces tax expense adjustment to fourth quarter and full year 2016 earnings . Has revised its previously-announced earnings for quarter and year ended December 31, 2016 . Net loss for full year 2016 declined by approximately $43 million, or $0.31 per diluted share . Tax liability reflected in "other liabilities" on its consolidated balance sheet was reduced by approximately $43 million .Net income for Q4 of 2016 increased by approximately $43 million, or approximately $0.32 per diluted share.  Full Article

Diamond Offshore Drilling sees recovery when oil "well over $60"
Monday, 6 Feb 2017 12:25pm EST 

Diamond Offshore Drilling Inc : Sees q1 revenue to be flat from q4 revenue of 2016 - conf call .Says oil prices need to be well over $60 for any appreciable change in offshore demand - conf call.  Full Article

Diamond Offshore Drilling sees recovery in either 2019 or 2020 - Conf call
Monday, 6 Feb 2017 12:24pm EST 

Diamond Offshore Drilling -Inc : Diamond Offshore Drilling - not anticipating material changes to base cost trend in the coming quarters - conf call . Diamond Offshore Drilling -says expects "a recovery either in 2019 or 2020" - conf call . Diamond Offshore Drilling says pricing pressure will continue to "remain out there for a period of time" - conf call . Diamond Offshore Drilling - says will continue to see fixtures awarded at what is "essentially close to break even" - conf call . Diamond Offshore Drilling - "can't say at this moment of time that we are seeing an relief in pressure from a pricing perspective" - conf call .Diamond Offshore Drilling - "despite some stabilization in the price of oil, we have yet to see a floor in the declining demand of deepwater assets".  Full Article

Diamond Offshore reports Q4 EPS $0.53
Monday, 6 Feb 2017 06:00am EST 

Diamond Offshore Drilling Inc : Diamond offshore announces fourth quarter 2016 results . Q4 earnings per share $0.53 . Q4 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . As of December 31, 2016, company's total contracted backlog was $3.6 billion, which represents 25 rig years of work . Approximately 94 pct of company's available ultra-deepwater rig days for 2017 are contracted . Qtrly total revenues $391.9 million .Q4 revenue view $358.3 million -- Thomson Reuters I/B/E/S.  Full Article

Diamond Offshore Q3 EPS $0.10
Monday, 31 Oct 2016 06:00am EDT 

Diamond Offshore Drilling Inc : Diamond Offshore Drilling - during quarter, company announced new contracts for ocean valiant and ocean scepter with Maersk in UK and Fieldwood in Mexico . Diamond Offshore Drilling Inc- as of September 30, 2016, company's total contracted backlog was $4.1 billion, which represents 27 rig years of work . Qtrly total revenues $349.2 million versus $609.7 million . Q3 revenue view $363.2 million -- Thomson Reuters I/B/E/S . Diamond offshore announces third quarter 2016 results .Q3 earnings per share view $0.08 -- Thomson Reuters I/B/E/S.  Full Article

S&P Dow Jones indices says Coty Inc will replace Diamond Offshore Drilling Inc in the S&P 500
Tuesday, 27 Sep 2016 05:36pm EDT 

: S&P Dow Jones indices says Coty Inc will replace Diamond Offshore Drilling Inc in the S&P 500 . S&P Dow Jones indices says Diamond Offshore Drilling Inc will replace Polycom Inc in the S&P Midcap 400 ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Diamond Offshore says unit received notice of termination from Petroleo Brasileiro
Thursday, 1 Sep 2016 06:25am EDT 

Diamond Offshore Drilling Inc : On August 30, 2016, unit received notice of termination from Petroleo Brasileiro S.A. of drilling contract on Ocean Valor . Co does not believe Petrobras had valid/lawful basis for terminating contract, co to defend rights of unit under contract . Drilling contract was estimated to conclude in accordance with its terms in October 2018 - SEC filing Source: (http://bit.ly/2bXomra ) Further company coverage: [DO.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Diamond Offshore Drilling sees 2016 capex about $650 mln - conf call
Monday, 1 Aug 2016 10:00am EDT 

Diamond Offshore Drilling Inc: "We are expecting our capital expenditures to be approximately $650 million in 2016" - Conference Call . Sees depreciation expense of $400 million for full-year and about $85 million- $90 million for Q3 . Intends to deploy first systems to Ocean Blacklion and Ocean Blackrhino drillships towards the end of the year . Expects Q3 rig operating costs, in the line contract drilling expense, of about $195 million- $215 million . Sees 2016 maintenance capital cost of about $140 million, below prior-year spend of $215 million . Sees 2016 newbuild capital expenditures of about $510 million, including Q2 payment for delivery of Ocean GreatWhite . "We may have seen a bottom in the oil price, but it is clear that volatility will be with us for some time to come" . "Utilization is still declining at almost 5 percent per quarter and contracting is essentially next to zero" . Says will see a slight increase in run rate when the Ocean Greatwhite goes into service towards the end of this year . Says Ocean Greatwhite to begin drilling campaign for BP in late Q4 at a rate of $585,000/day Further company coverage: [DO.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Diamond Offshore Q2 adjusted earnings per share $0.16
Monday, 1 Aug 2016 06:00am EDT 

Diamond Offshore Drilling Inc : Diamond offshore announces second quarter 2016 results . Q2 loss per share $4.30 . Q2 adjusted earnings per share $0.16 excluding items . Q2 earnings per share view $0.04 -- Thomson Reuters I/B/E/S . Q2 total revenues $388.7 million versus $470.5 million . Q2 revenue view $373.5 million -- Thomson Reuters I/B/E/S . As of June 30, 2016, company's total contracted backlog was $4.4 billion . Results for Q2 were significantly impacted by impairment charges and related taxes of $612 million, or $4.46 per diluted share .Says additionally, company intends to scrap Ocean Quest and Ocean Star.  Full Article

Diamond Offshore Drilling Inc names Kelly Youngblood as Senior Vice President and CFO
Monday, 2 May 2016 06:05am EDT 

Diamond Offshore Drilling Inc:Says appointed Kelly Youngblood as Senior Vice President and Chief Financial Officer, to be effective May 3, 2016.Youngblood succeeds Gary T. Krenek.  Full Article

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Ex-Barclays boss Diamond buys Panmure in investment banking return

LONDON Former Barclays chief executive Bob Diamond marked a return to investment banking in Britain on Friday with a Qatari-backed takeover of stockbroker Panmure Gordon , one of the oldest names in the City of London.