How to Buy Diamond Offshore Drilling Stock
Diamond Offshore Drilling Inc
Diamond Offshore Drilling is a oil & gas drilling company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker DO on the NYSE exchange.
Diamond Offshore Drilling stock last closed at $12.98, up 3.51% from the previous day, and has increased 22.68% in one year. It has overperformed other stocks in the Oil & Gas Drilling industry by 0.08 percentage points. Diamond Offshore Drilling stock is currently +20.74% from its 52-week low of $10.75, and -25.06% from its 52-week high of $17.32.
There are currently 102.47M shares of DO outstanding. The market capitalization of DO is $1.33B. In the past 24 hours, 1.32M DO shares were traded.
How to Buy Diamond Offshore Drilling Stock
Wondering how to invest in Diamond Offshore Drilling stock? Here's how.
- Decide where to buy Diamond Offshore Drilling stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Diamond Offshore Drilling stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your method of payment and add your details.
- Analyze Diamond Offshore Drilling stock: The Diamond Offshore Drilling ticker symbol is DO. Is Diamond Offshore Drilling stock a good investment? Should you buy shares of DO? How do DO's underlying business fundamentals look? Do top analysts think Diamond Offshore Drilling is a good buy? Why has DO's stock price moved recently? (Hint: Our stock analysis website can help you figure out if DO is a good stock to buy).
- Make your DO buy order: Decide if you will purchase DO shares at the current market price or use a limit order to buy DO stock at a specific price.
- Get the latest scoop on your investment in DO: Create a watchlist to important notifications about your new investment in Diamond Offshore Drilling shares.
Step 1: Decide where to buy Diamond Offshore Drilling stock
You will need an online brokerage account in order to access the NYSE market and buy DO shares.
Our recommended brokerage: eToro
Based on our experience, eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global markets: From Technology to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the world's top stock exchanges.
- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, the next step is to fill out some personal details so you are able to buy DO today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to start your new brokerage account.
- Submit your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've filled out your info on stock market app, you need to deposit funds:
Watch the video below for more details depositing funds into your investment account.
Step 4: Analyze Diamond Offshore Drilling stock
Once you have selected the best place to buy Diamond Offshore Drilling stock, it's absolutely critical to research their stock before you invest, so you actually understand the risk as well as the opportunity.
Diamond Offshore Drilling shares quick numbers
Fundamentals of Diamond Offshore Drilling
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on DO's stock page.
Is DO stock undervalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge DO's intrinsic value.
Using relative valuations metrics:
- DO may be overvalued based on its P/B ratio of 2.06x, relative to Oil & Gas Drilling industry P/B ratio of 0.97x
You can access additional valuation analysis on DO's stock here.
DO Financial Health Summary
Positive Health Checks:
- DO has cash burn of 119669000. It has sufficient cash and short-term investments to cover this for at least one year.
- DO has $138.69M in cash and short term investments. This is enough to cover its annual cash burn of $119.67M.
- DO profit margin has gone up from -12.3% to -4.2% in the past year.
- There are more short-term assets than short-term liabilities on the DO balance sheet.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the DO balance sheet.
- DO has a relatively high debt to equity ratio of 1.66.
Do Wall Street analysts think it's a good time to buy DO stock
Out of 2 Equities analysts who give ratings on DO, the consensus analyst rating on Diamond Offshore Drilling is a Strong Buy
It's important to note that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Diamond Offshore Drilling stock forecast page.
DO Technical Indicators
DO Revenue
Last year, DO revenue was $1.06B. In the past 1 years, DO's revenue has grown by 25.54% per year. This was slower than the Oil & Gas Drilling industry average of 33.36%.
Learn more about DO's earnings and revenue performance here.
What are DO insiders up to?
In the last 12 months, insiders at DO have sold more shares than they have bought.
Dominic A. Savarino, Senior Vice President and CFO of DO, was the latest DO insider to sell. They sold $171,080.00 worth of DO shares on Mar 19, 2024.
Dig into more about who owns DO stock here.
Does DO stock generate passive income?
No, Diamond Offshore Drilling doesn't provide an income stream by paying out dividends.
What others are saying about DO
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your DO buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at an exact price limit, use a limit order.
Press the Open button and eToro will execute the order.
If you need more help with buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your investment in DO
Now that you own some DO shares, you'll want to keep up with your new investment.
Put DO on a watchlist to get the latest updates about your DO stock.
DO Feed
How to Buy Stock in Diamond Offshore Drilling
To reiterate, here are the 6 steps for buying Diamond Offshore Drilling stock:
- Decide where to buy Diamond Offshore Drilling stock
- Create a brokerage account
- Put funds into your investment account
- Analyze Diamond Offshore Drilling stock
- Make your DO buy order
- Get the latest scoop on your investment in DO
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Diamond Offshore Drilling, create a watchlist today.
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