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Diamond Offshore Drilling (NYSE:DO) has been given an average rating of “Hold” by the twenty-two analysts that are covering the company, American Banking News reports. Six research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $49.74.

Shares of Diamond Offshore Drilling (NYSE:DO) traded up 0.29% during mid-day trading on Monday, hitting $44.46. 141,260 shares of the company’s stock traded hands. Diamond Offshore Drilling has a one year low of $43.69 and a one year high of $66.34. The stock’s 50-day moving average is $47.72 and its 200-day moving average is $48.45. The company has a market cap of $6.097 billion and a P/E ratio of 14.51.

Diamond Offshore Drilling (NYSE:DO) last released its earnings data on Thursday, July 24th. The company reported $0.58 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.58. The company had revenue of $692.24 million for the quarter, compared to the consensus estimate of $690.33 million. During the same quarter last year, the company posted $1.33 earnings per share. Diamond Offshore Drilling’s revenue was down 8.7% compared to the same quarter last year. On average, analysts predict that Diamond Offshore Drilling will post $3.17 earnings per share for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Wednesday, August 6th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Monday, August 4th.

A number of research firms have recently commented on DO. Analysts at Deutsche Bank downgraded shares of Diamond Offshore Drilling from a “hold” rating to a “sell” rating in a research note on Monday, August 4th. They now have a $34.00 price target on the stock, down previously from $60.00. Separately, analysts at Nordea Equity Research initiated coverage on shares of Diamond Offshore Drilling in a research note on Tuesday, July 29th. They set a “sell” rating and a $38.00 price target on the stock. Finally, analysts at Cowen and Company cut their price target on shares of Diamond Offshore Drilling from $45.00 to $43.00 in a research note on Tuesday, July 29th. They now have a “market perform” rating on the stock.

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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