Diamond Offshore Drilling (DO) Earns Daily News Sentiment Score of 0.22
News articles about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the offshore drilling services provider an impact score of 44.93591380366 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Thursday’s Biggest Winners and Losers in the S&P 500 (247wallst.com)
- The Zacks Analyst Blog Highlights: Diamond Offshore Drilling, Chesapeake Energy, Marathon Oil, Devon Energy and Lonestar Resources US (finance.yahoo.com)
- Noteworthy Thursday Option Activity: RCL, DDS, DO – Nasdaq (nasdaq.com)
- RSI discloses Diamond Offshore Drilling, Inc. (DO) stock could lead to a down move – Voice Of Analysts (analystsbuzz.com)
- Diamond Offshore Drilling, Inc. (DO) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Diamond Offshore Drilling (NYSE DO) traded up 1.38% on Friday, hitting $13.27. The stock had a trading volume of 3,162,488 shares. Diamond Offshore Drilling has a 12-month low of $10.06 and a 12-month high of $22.65. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 10.79 and a beta of 1.13. The company’s 50 day moving average price is $11.91 and its 200-day moving average price is $13.02.
Diamond Offshore Drilling (NYSE:DO) last announced its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.21. The business had revenue of $399.30 million for the quarter, compared to the consensus estimate of $381.50 million. Diamond Offshore Drilling had a return on equity of 5.77% and a net margin of 11.19%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities research analysts anticipate that Diamond Offshore Drilling will post $0.93 EPS for the current year.
DO has been the subject of a number of research reports. BidaskClub lowered shares of Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 24th. Seaport Global Securities downgraded shares of Diamond Offshore Drilling from a “neutral” rating to a “sell” rating and cut their price objective for the company from $12.00 to $9.00 in a report on Wednesday, June 21st. Jefferies Group LLC set a $14.00 price objective on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a report on Saturday, July 1st. Pareto Securities upgraded shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Friday, August 18th. Finally, Royal Bank Of Canada upgraded shares of Diamond Offshore Drilling from an “underperform” rating to a “sector perform” rating and set a $15.00 price target on the stock in a report on Friday, August 25th. Nine analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.79.
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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.
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