Diamond Offshore Drilling Stock Rating Reaffirmed by Wunderlich (DO)
Diamond Offshore Drilling (NYSE:DO)‘s stock had its “buy” rating restated by investment analysts at Wunderlich in a note issued to investors on Friday, AnalystRatings.Net reports. They currently have a $90.00 price objective on the stock. Wunderlich’s price objective would suggest a potential upside of 38.72% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein cut their price target on shares of Diamond Offshore Drilling (NYSE:DO) from $74.00 to $64.00 in a research note to investors on Friday. They now have a “market perform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Diamond Offshore Drilling (NYSE:DO) from $75.00 to $78.00 in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Diamond Offshore Drilling (NYSE:DO) in a research note to investors on Monday, August 26th. They now have a $69.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $74.36.
Diamond Offshore Drilling (NYSE:DO) traded down 0.72% on Friday, hitting $64.41. 732,112 shares of the company’s stock traded hands. Diamond Offshore Drilling has a 52 week low of $63.05 and a 52 week high of $76.85. The stock’s 50-day moving average is $66.10 and its 200-day moving average is $68.36. The company has a market cap of $8.955 billion and a price-to-earnings ratio of 12.98.
Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data on Thursday, July 25th. The company reported $1.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.24 by $0.09. The company had revenue of $758.00 billion for the quarter, compared to the consensus estimate of $767.42 billion. During the same quarter in the previous year, the company posted $1.09 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. Analysts expect that Diamond Offshore Drilling will post $4.93 EPS for the current fiscal year.
Diamond Offshore Drilling, Inc is a global offshore oil and gas drilling contractor. The Company has a fleet of 44 offshore drilling rigs, consisting of 32 semisubmersibles, seven jack-ups and five dynamically positioned drillships, four of which are under construction.
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