Diamond Offshore Drilling (DO) Given Coverage Optimism Score of 0.18
News articles about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the offshore drilling services provider an impact score of 46.2181032123391 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Notable Stocks in the Spotlight: Marathon Petroleum Corporation, (NYSE: MPC), Diamond Offshore Drilling, Inc … – Stocks In The News (press release) (tradingnewsnow.com)
- Today’s Research Report Coverage on Oil & Gas Stocks — Petroleo Brasileiro, Patterson-UTI Energy, Diamond … – PR Newswire (press release) (prnewswire.com)
- Majedie Asset Management Ltd Buys Ensco PLC, Diamond Offshore … – Nasdaq (nasdaq.com)
- What Does Stochastic %K say about Diamond Offshore Drilling, Inc. (NYSE:DO)? – The Oracle Examiner (oracleexaminer.com)
- Diamond Offshore Drilling, Inc. (DO) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
A number of research firms have recently commented on DO. Jefferies Group LLC reissued a “neutral” rating on shares of Diamond Offshore Drilling in a report on Tuesday, October 31st. BidaskClub cut Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Royal Bank Of Canada raised Diamond Offshore Drilling from an “underperform” rating to a “sector perform” rating and set a $15.00 price target for the company in a report on Friday, August 25th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $9.33 target price on shares of Diamond Offshore Drilling in a report on Tuesday, September 19th. Finally, ValuEngine raised Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.71.
Shares of Diamond Offshore Drilling (NYSE DO) traded down $0.22 during trading on Friday, hitting $17.32. The company had a trading volume of 959,129 shares, compared to its average volume of 2,670,000. Diamond Offshore Drilling has a 52 week low of $10.06 and a 52 week high of $22.65. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.52. The company has a market cap of $2,390.00, a price-to-earnings ratio of 10.09 and a beta of 1.31.
Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The company had revenue of $366.02 million for the quarter, compared to analyst estimates of $365.38 million. During the same quarter in the prior year, the company earned $0.10 EPS. The firm’s revenue for the quarter 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.
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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