Zacks Upgrades Cal Dive International to “Neutral” (DVR)
Cal Dive International (NYSE:DVR) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Wednesday, American Banking News reports. The firm currently has a $1.90 price objective on the stock. Zacks‘ price objective would suggest a potential upside of 1.06% from the company’s current price.
DVR has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Cal Dive International from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, September 4th.
Shares of Cal Dive International (NYSE:DVR) traded up 3.19% on Wednesday, hitting $1.94. The stock had a trading volume of 414,678 shares. Cal Dive International has a 1-year low of $1.00 and a 1-year high of $2.38. The stock’s 50-day moving average is $2.04 and its 200-day moving average is $1.96. The company’s market cap is $189.8 million.
Cal Dive International (NYSE:DVR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.04. The company had revenue of $121.00 million for the quarter, compared to the consensus estimate of $116.91 million. During the same quarter in the prior year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that Cal Dive International will post $-0.24 earnings per share for the current fiscal year.
Cal Dive International, Inc (NYSE:DVR) is a marine contractor that provides manned diving, pipelay and pipe burial, platform installation and platform salvage services to a diverse customer base in the offshore oil and natural gas industry.
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