Jefferies Group restated their hold rating on shares of Diamond Offshore Drilling Inc. (NYSE:DO) in a research report report published on Wednesday morning.

DO has been the subject of several other research reports. Scotiabank restated a sector perform rating on shares of Diamond Offshore Drilling in a research note on Wednesday, September 14th. Credit Agricole SA upgraded shares of Diamond Offshore Drilling from a sell rating to an underperform rating in a research note on Monday, October 17th. Vetr upgraded shares of Diamond Offshore Drilling from a buy rating to a strong-buy rating and set a $19.33 price objective for the company in a research note on Wednesday, October 5th. Credit Suisse Group AG restated a hold rating and issued a $18.00 price objective on shares of Diamond Offshore Drilling in a research note on Monday, September 26th. Finally, Citigroup Inc. decreased their price objective on shares of Diamond Offshore Drilling from $25.00 to $21.00 and set a neutral rating for the company in a research note on Thursday, August 25th. Seven investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and seven have issued a buy rating to the stock. Diamond Offshore Drilling presently has a consensus rating of Hold and an average target price of $19.62.

Analyst Recommendations for Diamond Offshore Drilling (NYSE:DO)

Diamond Offshore Drilling (NYSE:DO) traded up 1.19% during midday trading on Wednesday, hitting $16.98. 513,679 shares of the stock traded hands. The company has a 50-day moving average of $16.92 and a 200-day moving average of $20.66. The stock’s market cap is $2.33 billion. Diamond Offshore Drilling has a 1-year low of $14.18 and a 1-year high of $26.72.

Diamond Offshore Drilling (NYSE:DO) last issued its earnings results on Monday, October 31st. The offshore drilling services provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The firm earned $349.20 million during the quarter, compared to the consensus estimate of $365.03 million. Diamond Offshore Drilling had a negative net margin of 41.61% and a positive return on equity of 6.32%. The company’s revenue was down 42.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.01 earnings per share. On average, equities analysts expect that Diamond Offshore Drilling will post $1.00 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. First Quadrant L P CA acquired a new stake in Diamond Offshore Drilling during the second quarter worth approximately $1,973,000. Fox Run Management L.L.C. increased its stake in Diamond Offshore Drilling by 42.5% in the second quarter. Fox Run Management L.L.C. now owns 18,100 shares of the offshore drilling services provider’s stock worth $440,000 after buying an additional 5,400 shares during the last quarter. Nisa Investment Advisors LLC acquired a new stake in Diamond Offshore Drilling during the second quarter worth approximately $219,000. River & Mercantile Asset Management LLP increased its stake in Diamond Offshore Drilling by 96.6% in the second quarter. River & Mercantile Asset Management LLP now owns 97,300 shares of the offshore drilling services provider’s stock worth $2,453,000 after buying an additional 47,800 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Diamond Offshore Drilling by 1.2% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 55,443 shares of the offshore drilling services provider’s stock worth $1,348,000 after buying an additional 659 shares during the last quarter.

Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc is engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships. Its fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water).

5 Day Chart for NYSE:DO

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