BNP Paribas Arbitrage SA raised its stake in Diamond Offshore Drilling, Inc. (NYSE:DO) by 135.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 282,051 shares of the offshore drilling services provider’s stock after buying an additional 162,275 shares during the quarter. BNP Paribas Arbitrage SA owned 0.21% of Diamond Offshore Drilling worth $4,090,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hikari Power Ltd raised its position in shares of Diamond Offshore Drilling by 416.6% during the second quarter. Hikari Power Ltd now owns 567,700 shares of the offshore drilling services provider’s stock worth $6,148,000 after purchasing an additional 457,800 shares during the period. First Trust Advisors LP grew its holdings in shares of Diamond Offshore Drilling by 20.7% during the second quarter. First Trust Advisors LP now owns 239,230 shares of the offshore drilling services provider’s stock worth $2,591,000 after buying an additional 40,955 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Diamond Offshore Drilling by 7,375.1% during the first quarter. BlackRock Inc. now owns 7,550,886 shares of the offshore drilling services provider’s stock worth $126,177,000 after buying an additional 7,449,872 shares in the last quarter. Wayne Hummer Investments L.L.C. bought a new position in shares of Diamond Offshore Drilling during the second quarter worth about $145,000. Finally, Private Management Group Inc. bought a new position in shares of Diamond Offshore Drilling during the second quarter worth about $3,341,000.

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Shares of Diamond Offshore Drilling, Inc. (DO) opened at $16.06 on Monday. The firm has a market capitalization of $2,203.88, a P/E ratio of 9.34 and a beta of 1.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 3.58 and a current ratio of 3.58. Diamond Offshore Drilling, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $22.65.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.05. The business had revenue of $366.02 million during the quarter, compared to analysts’ expectations of $365.38 million. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $0.10 EPS. analysts predict that Diamond Offshore Drilling, Inc. will post 0.9 earnings per share for the current year.

A number of research firms recently issued reports on DO. FBR & Co set a $13.00 price objective on Diamond Offshore Drilling and gave the stock a “hold” rating in a report on Monday, October 30th. B. Riley reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a report on Wednesday, November 1st. Jefferies Group LLC set a $15.00 price objective on Diamond Offshore Drilling and gave the stock a “hold” rating in a report on Monday, October 30th. UBS AG increased their price objective on Diamond Offshore Drilling from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 3rd. Finally, Barclays PLC reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a report on Sunday, November 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $14.71.

Diamond Offshore Drilling 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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Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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