Diamond Offshore Drilling (DO) Set to Announce Earnings on Thursday
Diamond Offshore Drilling (NYSE:DO) will announce its earnings results on Thursday, February 6th. Individual interested in registering for the company’s earnings conference call can do so using this link.
Shares of Diamond Offshore Drilling (NYSE:DO) opened at 47.87 on Wednesday. Diamond Offshore Drilling has a 52-week low of $47.30 and a 52-week high of $76.08. The stock has a 50-day moving average of $54.30 and a 200-day moving average of $61.3. The company has a market cap of $6.656 billion and a P/E ratio of 10.84.
A number of research firms have recently commented on DO. Analysts at Wunderlich downgraded shares of Diamond Offshore Drilling from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $50.00 price target on the stock, down previously from $77.00. On the ratings front, analysts at FBR Capital Markets cut their price target on shares of Diamond Offshore Drilling from $53.00 to $47.00 in a research note to investors on Wednesday, January 29th. They now have an “underperform” rating on the stock. Finally, analysts at Simmons downgraded shares of Diamond Offshore Drilling from a “neutral” rating to an “underweight” rating in a research note to investors on Wednesday, January 29th. Seven equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $69.30.
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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