Diamond Offshore Drilling, Inc. (NYSE:DO)‘s stock had its “neutral” rating restated by stock analysts at Barclays PLC in a research report issued on Sunday.

DO has been the subject of a number of other reports. Pareto Securities raised shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Friday, August 18th. Seaport Global Securities reissued a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. FBR & Co raised shares of Diamond Offshore Drilling from a “sell” rating to a “neutral” rating and set a $13.00 target price for the company in a report on Tuesday, October 10th. Jefferies Group LLC set a $15.00 target price on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a report on Monday, October 30th. Finally, Royal Bank Of Canada raised shares of Diamond Offshore Drilling from an “underperform” rating to a “sector perform” rating and set a $15.00 target price for the company in a report on Friday, August 25th. Nine research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the company. Diamond Offshore Drilling presently has an average rating of “Hold” and an average target price of $14.67.

Shares of Diamond Offshore Drilling (NYSE:DO) opened at $16.43 on Friday. The stock has a market cap of $2,254.66, a P/E ratio of 9.55 and a beta of 1.31. The company has a current ratio of 3.58, a quick ratio of 3.69 and a debt-to-equity ratio of 0.52. Diamond Offshore Drilling has a 1 year low of $10.06 and a 1 year high of $22.65.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05. The firm had revenue of $366.02 million for the quarter, compared to analysts’ expectations of $365.38 million. Diamond Offshore Drilling had a net margin of 10.86% and a return on equity of 6.23%. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 earnings per share. sell-side analysts expect that Diamond Offshore Drilling will post 0.9 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Diamond Offshore Drilling by 7,375.1% in the first quarter. BlackRock Inc. now owns 7,550,886 shares of the offshore drilling services provider’s stock valued at $126,177,000 after acquiring an additional 7,449,872 shares in the last quarter. Contrarius Investment Management Ltd raised its holdings in shares of Diamond Offshore Drilling by 99.0% in the second quarter. Contrarius Investment Management Ltd now owns 6,606,440 shares of the offshore drilling services provider’s stock valued at $71,548,000 after acquiring an additional 3,286,580 shares in the last quarter. Horseman Capital Management Ltd bought a new stake in shares of Diamond Offshore Drilling in the third quarter valued at about $30,944,000. Equity Investment Corp Acquisition Inc raised its holdings in shares of Diamond Offshore Drilling by 76.1% in the second quarter. Equity Investment Corp Acquisition Inc now owns 4,566,588 shares of the offshore drilling services provider’s stock valued at $49,456,000 after acquiring an additional 1,973,653 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its holdings in shares of Diamond Offshore Drilling by 3,073.2% in the second quarter. Balyasny Asset Management LLC now owns 1,136,000 shares of the offshore drilling services provider’s stock valued at $12,303,000 after acquiring an additional 1,100,200 shares in the last quarter.

Diamond Offshore Drilling Company Profile

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.

Analyst Recommendations for Diamond Offshore Drilling (NYSE:DO)

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