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 note issued to investors on Tuesday, Stock Ratings Network reports. The firm currently has a $1.50 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 0.67% from the company’s current price.
Cal Dive International (NYSE:DVR) traded down 1.32% on Tuesday, hitting $1.49. 423,691 shares of the company’s stock traded hands. Cal Dive International has a 1-year low of $1.44 and a 1-year high of $2.38. The stock has a 50-day moving average of $1.62 and a 200-day moving average of $1.78. The company’s market cap is $147.1 million.
Cal Dive International (NYSE:DVR) last posted its quarterly earnings results on Tuesday, March 4th. The company reported ($0.01) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.01. The company had revenue of $159.81 million for the quarter, compared to the consensus estimate of $172.62 million. During the same quarter last year, the company posted ($0.05) earnings per share. Cal Dive International’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Cal Dive International will post $-0.18 EPS 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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