DO vs. PTEN, HP, NBR, VAL, RIG, HPK, BORR, PDS, ICD, and AMNI
Should you be buying Diamond Offshore Drilling stock or one of its competitors? The main competitors of Diamond Offshore Drilling include Patterson-UTI Energy (PTEN), Helmerich & Payne (HP), Nabors Industries (NBR), Valaris (VAL), Transocean (RIG), HighPeak Energy (HPK), Borr Drilling (BORR), Precision Drilling (PDS), Independence Contract Drilling (ICD), and American Noble Gas (AMNI). These companies are all part of the "drilling oil & gas wells" industry.
Diamond Offshore Drilling (NYSE:DO) and Patterson-UTI Energy (NASDAQ:PTEN) are both oils/energy companies, but which is the better investment? We will contrast the two companies based on the strength of their dividends, institutional ownership, analyst recommendations, valuation, media sentiment, profitability, earnings, risk and community ranking.
Patterson-UTI Energy received 155 more outperform votes than Diamond Offshore Drilling when rated by MarketBeat users. Likewise, 62.27% of users gave Patterson-UTI Energy an outperform vote while only 49.65% of users gave Diamond Offshore Drilling an outperform vote.
Patterson-UTI Energy has higher revenue and earnings than Diamond Offshore Drilling. Diamond Offshore Drilling is trading at a lower price-to-earnings ratio than Patterson-UTI Energy, indicating that it is currently the more affordable of the two stocks.
Diamond Offshore Drilling has a beta of 1.33, indicating that its share price is 33% more volatile than the S&P 500. Comparatively, Patterson-UTI Energy has a beta of 2.23, indicating that its share price is 123% more volatile than the S&P 500.
Diamond Offshore Drilling presently has a consensus target price of $20.67, indicating a potential upside of 36.14%. Patterson-UTI Energy has a consensus target price of $15.67, indicating a potential upside of 42.17%. Given Patterson-UTI Energy's higher probable upside, analysts plainly believe Patterson-UTI Energy is more favorable than Diamond Offshore Drilling.
Patterson-UTI Energy has a net margin of 4.07% compared to Diamond Offshore Drilling's net margin of -3.67%. Patterson-UTI Energy's return on equity of 7.13% beat Diamond Offshore Drilling's return on equity.
In the previous week, Patterson-UTI Energy had 6 more articles in the media than Diamond Offshore Drilling. MarketBeat recorded 7 mentions for Patterson-UTI Energy and 1 mentions for Diamond Offshore Drilling. Patterson-UTI Energy's average media sentiment score of 0.85 beat Diamond Offshore Drilling's score of 0.00 indicating that Patterson-UTI Energy is being referred to more favorably in the news media.
90.8% of Diamond Offshore Drilling shares are held by institutional investors. Comparatively, 97.9% of Patterson-UTI Energy shares are held by institutional investors. 0.7% of Diamond Offshore Drilling shares are held by insiders. Comparatively, 2.3% of Patterson-UTI Energy shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.
Summary
Patterson-UTI Energy beats Diamond Offshore Drilling on 17 of the 19 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding DO and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NYSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
Diamond Offshore Drilling Competitors List
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