Diamond Offshore Up on Improved Earnings

Shares of oil services firm Diamond Offshore (NYSE:DO) are up after the company reported third quarter earnings per share of $1.85, which beat expectations by $0.38.  Revenue increased by almost 10% year-over-year to $878 million, beating expectations by $58 million.

Following is some information about the company’s stock price performance, along with that of some of its competitors.

  • Diamond Offshore Drilling, Inc. (NYSE:DO): The shares recently traded at $61.60, up $1.86, or 3.11%, on the day.  The shares have traded in a 52-week range of $51.16 to $81.19 and its market capitalization is $8.56 billion.  About the company: Diamond Offshore Drilling, Inc. drills offshore oil and gas wells on a contract basis.  The Company is a world-wide deep water driller that serves markets that include the deep water, harsh environment, conventional submersible and jack-up markets.
  • Noble Corporation (NYSE:NE): The shares recently traded at $33.12, up $1.35, or 4.25%, on the day.  The shares have traded in a 52-week range of $27.33 to $46.72 and its market capitalization is $8.36 billion.  About the company: Noble Corporation provides diversified services for the oil and gas industry.  The Company provides contract drilling services with its fleet of offshore drilling units located in markets worldwide.  Noble also provides labor contract drilling services, well site and project management services, and engineering services.
  • Helmerich & Payne, Inc. (NYSE:HP): The shares recently traded at $47.05, up $0.22, or 0.47%, on the day.  The shares have traded in a 52-week range of $35.58 to $73.40 and its market capitalization is $5.04 billion.  About the company: Helmerich & Payne, Inc. provides contract drilling of oil and gas wells in the Gulf of Mexico and South America.  The Company operates land rigs and platform rigs.
  • Transocean Ltd (NYSE:RIG): The shares recently traded at $51.65, up $0.55, or 1.08%, on the day.  The shares have traded in a 52-week range of $43.15 to $85.98 and its market capitalization is $16.55 billion.  About the company: Transocean Ltd is an offshore drilling contractor.  The Company owns or operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide.  Transocean specializes in technically demanding segments of the offshore drilling business, including deepwater and harsh environment drilling services.
  • Rowan Companies, Inc. (NYSE:RDC): The shares recently traded at $33.10, up $0.04, or 0.15%, on the day.  The shares have traded in a 52-week range of $28.13 to $44.83 and its market capitalization is $4.22 billion.  About the company: Rowan Companies, Inc. provides international and domestic contract drilling services.  The Company also owns and operates a manufacturing division that produces equipment for the drilling, mining and timber industries.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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