Shares of Diamond Offshore Drilling Inc (NYSE:DO) have been given a consensus rating of “Hold” by the twenty-seven research firms that are covering the firm, Marketbeat Ratings reports. Twelve analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.39.
DO has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Susquehanna Bancshares set a $17.00 price objective on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research report on Friday, January 12th. TheStreet upgraded shares of Diamond Offshore Drilling from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. Piper Jaffray Companies set a $9.00 price objective on shares of Diamond Offshore Drilling and gave the company a “sell” rating in a research report on Monday, February 12th. Finally, Jefferies Group restated a “sell” rating and issued a $14.00 price objective on shares of Diamond Offshore Drilling in a research report on Wednesday, February 7th.
In related news, Director Charles Fabrikant sold 1,500 shares of the company’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $18.55, for a total value of $27,825.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $18,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by corporate insiders.
Shares of Diamond Offshore Drilling (DO) opened at $14.98 on Wednesday. The company has a market cap of $2,089.98, a price-to-earnings ratio of 107.01 and a beta of 1.25. Diamond Offshore Drilling has a 1 year low of $10.06 and a 1 year high of $20.41. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.52.
Diamond Offshore Drilling (NYSE:DO) last issued its earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. Diamond Offshore Drilling had a net margin of 1.23% and a return on equity of 2.96%. The company had revenue of $346.20 million during the quarter, compared to analysts’ expectations of $331.98 million. During the same quarter in the previous year, the company posted $0.27 EPS. The business’s revenue for the quarter was down 11.7% compared to the same quarter last year. equities research analysts forecast that Diamond Offshore Drilling will post -0.3 earnings per share for the current fiscal year.
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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.
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