Diamond Offshore Drilling, Inc. (NYSE:DO) – Research analysts at Jefferies Group lowered their Q4 2017 earnings per share (EPS) estimates for shares of Diamond Offshore Drilling in a note issued to investors on Monday. Jefferies Group analyst E. Royes now expects that the offshore drilling services provider will earn $0.02 per share for the quarter, down from their previous forecast of $0.11. Jefferies Group has a “Neutral” rating on the stock. Jefferies Group also issued estimates for Diamond Offshore Drilling’s FY2018 earnings at $0.15 EPS, FY2019 earnings at ($0.45) EPS and FY2020 earnings at ($1.05) EPS.

Several other research analysts also recently commented on the stock. ValuEngine raised shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Clarkson Capital raised shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG started coverage on shares of Diamond Offshore Drilling in a report on Tuesday, October 10th. They issued a “hold” rating and a $15.00 price target for the company. Royal Bank Of Canada set a $15.00 price target on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a report on Saturday, October 7th. Finally, Zacks Investment Research downgraded shares of Diamond Offshore Drilling from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Nine research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.48.

COPYRIGHT VIOLATION NOTICE: “Q4 2017 EPS Estimates for Diamond Offshore Drilling, Inc. (DO) Decreased by Jefferies Group” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/11/02/q4-2017-eps-estimates-for-diamond-offshore-drilling-inc-do-decreased-by-jefferies-group.html.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The company had revenue of $366.02 million during the quarter, compared to analysts’ expectations of $365.38 million. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.10 earnings per share.

Large investors have recently bought and sold shares of the stock. Raymond James Trust N.A. bought a new stake in Diamond Offshore Drilling during the second quarter worth about $118,000. BlueMountain Capital Management LLC bought a new stake in Diamond Offshore Drilling during the second quarter worth about $119,000. Zacks Investment Management bought a new stake in Diamond Offshore Drilling during the second quarter worth about $124,000. Victory Capital Management Inc. bought a new position in shares of Diamond Offshore Drilling in the third quarter worth approximately $126,000. Finally, M&T Bank Corp bought a new position in shares of Diamond Offshore Drilling in the second quarter worth approximately $139,000.

About Diamond Offshore Drilling

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

Earnings History and Estimates for Diamond Offshore Drilling (NYSE:DO)

Receive News & Ratings for Diamond Offshore Drilling Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Offshore Drilling Inc. and related companies with MarketBeat.com's FREE daily email newsletter.