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Cal Dive International (NYSE:DVR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Friday, American Banking and Market News reports. They currently have a $1.80 price objective on the stock. Zacks‘ target price indicates a potential downside of 3.74% from the stock’s previous close.

Shares of Cal Dive International (NYSE:DVR) traded down 1.07% on Friday, hitting $1.85. 192,412 shares of the company’s stock traded hands. Cal Dive International has a 52-week low of $1.51 and a 52-week high of $2.38. The stock’s 50-day moving average is $1.86 and its 200-day moving average is $1.99. The company’s market cap is $180.8 million.

Cal Dive International (NYSE:DVR) last released its earnings data on Thursday, November 7th. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.06. The company had revenue of $155.25 million for the quarter, compared to the consensus estimate of $148.65 million. During the same quarter last year, the company posted $0.17 earnings per share. Cal Dive International’s revenue was up 12.4% compared to the same quarter last year. On average, analysts predict that Cal Dive International will post $-0.28 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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