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Diamond Offshore Drilling (NYSE:DO) Director Raymond S. Troubh unloaded 1,000 shares of the stock on the open market in a transaction dated Thursday, June 19th. The stock was sold at an average price of $49.41, for a total value of $49,410.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Diamond Offshore Drilling (NYSE:DO) traded down 0.66% during mid-day trading on Tuesday, hitting $50.04. 121,327 shares of the company’s stock traded hands. Diamond Offshore Drilling has a 1-year low of $43.69 and a 1-year high of $73.00. The stock has a 50-day moving average of $49.96 and a 200-day moving average of $50.50. The company has a market cap of $6.862 billion and a price-to-earnings ratio of 13.51.

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. Analysts expect that Diamond Offshore Drilling will post $3.51 EPS for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Global Hunter Securities cut their price target on shares of Diamond Offshore Drilling from $48.00 to $46.00 in a research note on Thursday, June 19th. Separately, analysts at Cowen and Company reiterated a “market perform” rating on shares of Diamond Offshore Drilling in a research note on Wednesday, June 18th. Finally, 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. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. Diamond Offshore Drilling has an average rating of “Hold” and an average price target of $54.84.

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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