Diamond Offshore Drilling, Inc. (NYSE:DO) Stock Rating Reaffirmed by Barclays PLC

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, November 5th.

A number of other research analysts have also recently issued reports on DO. BidaskClub cut shares of Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zephirin Group reaffirmed a “sell” rating on shares of Diamond Offshore Drilling in a report on Wednesday, August 2nd. Seaport Global Securities reaffirmed a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. Piper Jaffray Companies reissued a “hold” rating and set a $12.50 price objective on shares of Diamond Offshore Drilling in a research note on Thursday, August 3rd. Finally, ValuEngine raised shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.71.

Shares of Diamond Offshore Drilling (NYSE DO) traded down $0.14 during trading hours on Friday, reaching $15.96. 667,457 shares of the company were exchanged, compared to its average volume of 2,966,242. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.58 and a current ratio of 3.58. The firm has a market capitalization of $2,209.37, a P/E ratio of 9.36 and a beta of 1.31. 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 announced its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a net margin of 10.86% and a return on equity of 6.23%. The firm had revenue of $366.02 million during the quarter, compared to the consensus estimate of $365.38 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s revenue was up 4.8% compared to the same quarter last year. analysts predict that Diamond Offshore Drilling will post 0.9 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was published by BBNS and is the sole property of of BBNS. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://baseballnewssource.com/markets/diamond-offshore-drilling-inc-do-receives-neutral-rating-from-barclays-plc/1760261.html.

A number of hedge funds have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. boosted its holdings in shares of Diamond Offshore Drilling by 20.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 84,518 shares of the offshore drilling services provider’s stock valued at $1,412,000 after purchasing an additional 14,549 shares during the last quarter. OppenheimerFunds Inc. boosted its holdings in shares of Diamond Offshore Drilling by 37.3% in the 1st quarter. OppenheimerFunds Inc. now owns 25,045 shares of the offshore drilling services provider’s stock valued at $419,000 after purchasing an additional 6,806 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Diamond Offshore Drilling by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 264,133 shares of the offshore drilling services provider’s stock valued at $4,414,000 after purchasing an additional 7,112 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Diamond Offshore Drilling by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 123,726 shares of the offshore drilling services provider’s stock valued at $2,067,000 after purchasing an additional 5,781 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Diamond Offshore Drilling by 4.8% in the 1st quarter. Geode Capital Management LLC now owns 475,783 shares of the offshore drilling services provider’s stock valued at $7,950,000 after purchasing an additional 21,836 shares during the last quarter.

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.

Analyst Recommendations 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 our FREE daily email newsletter.

 


Latest News

Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Tigers Trade Ian Kinsler to Angels for Pair of Minor Leaguers
Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot


Leave a Reply

 
© 2006-2017 BBNS.