Diamond Offshore Drilling provides contract drilling services to the energy industry with a fleet of offshore drilling rigs. Co.'s fleet enables it to provide services in the floater market on a worldwide basis. The principal markets for Co.'s offshore contract drilling services are: the Gulf of Mexico, including the U.S., and Mexico; Canada; South America, principally offshore Brazil, and Trinidad and Tobago; Australia and Southeast Asia, including Malaysia, Myanmar and Vietnam; Europe, principally offshore the U.K.; East and West Africa; and the Mediterranean. Co.'s contracts to provide offshore drilling services vary in their terms and provisions. We show 41 historical shares outstanding datapoints in our coverage of DO's shares outstanding history.
Understanding the changing numbers of DO shares outstanding — and
comprehending the concept of differing number of shares outstanding in general comparing companies like DO versus peers —
is critical for investors. Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies.
Furthermore, via issuance of new shares over time, or the repurchase of existing shares, the number of shares outstanding can fluctuate over the course of history.
With this page we aim to empower investors researching DO by allowing them to research DO shares outstanding history
as well as any other stock in our coverage universe. |
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Video: Shares Outstanding Importance
