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Diamond Offshore Drilling (NYSE:DO) shares hit a new 52-week low during trading on Friday , ARN reports. The stock traded as low as $43.16 and last traded at $43.18, with a volume of 492,127 shares. The stock had previously closed at $44.00.

DO has been the subject of a number of recent research reports. Analysts at Pareto upgraded shares of Diamond Offshore Drilling from a “sell” rating to a “hold” rating in a research note on Thursday. They now have a $44.00 price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Diamond Offshore Drilling from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a research note on Wednesday. They now have a $46.00 price target on the stock. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Diamond Offshore Drilling has a consensus rating of “Hold” and a consensus price target of $50.05.

The stock has a 50-day moving average of $47.10 and a 200-day moving average of $48.30. The company has a market cap of $5.926 billion and a price-to-earnings ratio of 14.40.

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. Analysts expect that Diamond Offshore Drilling will post $3.10 EPS for the current fiscal year.

The company also recently declared a special dividend, which is scheduled for Tuesday, September 2nd. Shareholders 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.

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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