Share on StockTwits

Diamond Offshore Drilling (NYSE:DO) Director James S. Tisch sold 1,875 shares of Diamond Offshore Drilling stock on the open market in a transaction dated Monday, June 16th. The stock was sold at an average price of $49.38, for a total transaction of $92,587.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.

A number of analysts have recently weighed in on DO shares. Analysts at Morgan Stanley upgraded shares of Diamond Offshore Drilling from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 28th. They now have a $57.00 price target on the stock, up previously from $47.50. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a research note on Thursday, May 22nd. They now have a $53.00 price target on the stock. Finally, analysts at Susquehanna reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a research note on Monday, May 19th. They now have a $54.00 price target on the stock, down previously from $55.00. Five research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $55.52.

Diamond Offshore Drilling (NYSE:DO) traded up 0.36% on Monday, hitting $49.77. The stock had a trading volume of 1,052,493 shares. Diamond Offshore Drilling has a one year low of $43.69 and a one year high of $73.00. The stock’s 50-day moving average is $50.64 and its 200-day moving average is $51.00. The company has a market cap of $6.825 billion and a P/E ratio of 13.30.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.93 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.29. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $686.51 million. During the same quarter last year, the company posted $1.27 earnings per share. Diamond Offshore Drilling’s revenue was down 2.8% compared to the same quarter last year. On average, analysts predict that Diamond Offshore Drilling will post $3.65 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.