Cal Dive International Downgraded by Zacks to “Underperform” (DVR)
Cal Dive International (NYSE:DVR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Thursday. They currently have a $0.80 price target on the stock.
Separately, analysts at Iberia Capital downgraded shares of Cal Dive International from an “outperform” rating to a “sector perform” rating in a research note on Tuesday.
Shares of Cal Dive International (NYSE:DVR) traded down 0.64% during mid-day trading on Thursday, hitting $0.7949. The stock had a trading volume of 932,165 shares. Cal Dive International has a 1-year low of $0.68 and a 1-year high of $2.17. The stock has a 50-day moving average of $1.19 and a 200-day moving average of $1.48. The company’s market cap is $75.7 million.
Cal Dive International (NYSE:DVR) last announced its earnings results on Monday, August 11th. The company reported ($0.21) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.05) by $0.16. The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $127.10 million. During the same quarter last year, the company posted ($0.02) earnings per share. Cal Dive International’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Cal Dive International will post $-0.26 earnings per share 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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