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Is this Large Market Cap Stock target price reasonable for Diamond Offshore Drilling, Inc. (NYSE:DO)?

The company in question is, Diamond Offshore Drilling, Inc. (NYSE:DO) currently with a stock price of 17.19 (0.32% today). The market cap for Diamond Offshore Drilling, Inc. is 2307.04, and is in the sector Basic Materials, and Oil & Gas Drilling & Exploration industry. The target price for Diamond Offshore Drilling, Inc. is 17.6. Currently Diamond Offshore Drilling, Inc. is trading with a P/E of *TBA, and a forward P/E of 24.01. Average volume for Diamond Offshore Drilling, Inc. is 3555.12 and so far today it is 1254625.

Performance in the last year for Diamond Offshore Drilling, Inc. has been -11.90%. For EPS growth, Diamond Offshore Drilling, Inc. has seen a growth of -171.10%, and is looking to grow in the next year to -29.72%. More long term stats show that EPS growth has been -18.00% over the last five years and could be *TBA for the next five years. Diamond Offshore Drilling, Inc. has seen sales growth quarter over quarter at -38.70%, with EPS growth quarter over quarter at -752.80%. The 20-day simple moving average is -3.54%, with the 200-day simple moving average coming to -18.25%.

Since the IPO date for Diamond Offshore Drilling, Inc. on the 10/11/1995, Diamond Offshore Drilling, Inc. has seen performance year to date to be -18.77%. With Diamond Offshore Drilling, Inc. trading at 17.19, the dividend yield is *TBA, and the EPS is -4.46.

So could Diamond Offshore Drilling, Inc., be undervalued? Well as said before P/E is *TBA. The PEG is *TBA, P/S is 1.14 and the P/B is at 0.65. The P/cash is 22.31, with P/free cash flow at 17.97.

Diamond Offshore Drilling, Inc. ability to deal with debt shows that the current ratio is 0.9, and the quick ratio is 0.9. This is with long term debt/equity at 0.55, and total debt/equity at 0.64.

In terms of margins, Diamond Offshore Drilling, Inc. has a gross margin of 50.10%, an operating margin of -33.30% and a profit margin of -30.20%.Payout ratio for Diamond Offshore Drilling, Inc. is *TBA. Return on assets come to -8.60% with return on investment coming to -2.90%.

Insider ownership for Diamond Offshore Drilling, Inc., is at 53.34% and institutional ownership comes to 53.50%. Outstanding shares are at 134.6. While shares float is 63.99. The float short is currently 27.07%, and short ratio is 4.87.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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