Diamond Offshore Drilling Inc. Sets New 1-Year Low at $54.58 (DO)
Diamond Offshore Drilling (NYSE:DO) set a new 52-week low during mid-day trading on Monday, Analyst Ratings News reports. The stock traded as low as $54.58 and last traded at $54.61, with a volume of 702,963 shares. The stock had previously closed at $55.91.
A number of research firms have recently commented on DO. Analysts at Howard Weil downgraded shares of Diamond Offshore Drilling from an “outperform” rating to a “sector perform” rating in a research note to investors on Thursday. They now have a $75.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Diamond Offshore Drilling from a “neutral” rating to a “sell” rating in a research note to investors on Friday, December 20th. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Diamond Offshore Drilling in a research note to investors on Tuesday, December 17th. They now have a $72.00 price target on the stock, down previously from $79.00. Seven equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the stock. Diamond Offshore Drilling has an average rating of “Hold” and a consensus price target of $71.25.
Diamond Offshore Drilling has a one year low of $54.44 and a one year high of $76.85. The stock’s 50-day moving average is $57.21 and its 200-day moving average is $63.18. The company has a market cap of $7.587 billion and a price-to-earnings ratio of 12.71.
Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.04. The company had revenue of $691.00 million for the quarter, compared to the consensus estimate of $753.84 million. During the same quarter last year, the company posted $1.28 earnings per share. Diamond Offshore Drilling’s revenue was down 3.2% compared to the same quarter last year. On average, analysts predict that Diamond Offshore Drilling will post $4.56 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.