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Diamond Offshore Drilling (NYSE:DO)‘s stock had its “market perform” rating reaffirmed by stock analysts at Cowen and Company in a report issued on Wednesday.

Shares of Diamond Offshore Drilling (NYSE:DO) opened at 49.14 on Wednesday. Diamond Offshore Drilling has a one year low of $43.69 and a one year high of $73.00. The stock has a 50-day moving average of $50.3 and a 200-day moving average of $50.73. The company has a market cap of $6.739 billion and a price-to-earnings ratio of 13.35.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, analysts predict that Diamond Offshore Drilling will post $3.65 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on DO. 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 analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and one has issued a buy rating to the company. Diamond Offshore Drilling has an average rating of “Hold” and an average target price of $56.05.

In other Diamond Offshore Drilling news, Director James S. Tisch unloaded 1,875 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were 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 Securities & Exchange Commission, which can be accessed through this link.

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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