Cipher Capital LP lifted its holdings in shares of Diamond Offshore Drilling, Inc. (NYSE:DO) by 142.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 99,207 shares of the offshore drilling services provider’s stock after purchasing an additional 58,314 shares during the quarter. Cipher Capital LP owned about 0.07% of Diamond Offshore Drilling worth $1,438,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DO. Raymond James Trust N.A. acquired a new stake in shares of Diamond Offshore Drilling during the second quarter worth $118,000. BlueMountain Capital Management LLC acquired a new stake in shares of Diamond Offshore Drilling during the second quarter worth $119,000. Zacks Investment Management acquired a new stake in shares of Diamond Offshore Drilling during the second quarter worth $124,000. Victory Capital Management Inc. acquired a new stake in shares of Diamond Offshore Drilling during the third quarter worth $126,000. Finally, M&T Bank Corp purchased a new position in shares of Diamond Offshore Drilling in the 2nd quarter worth $139,000.

Several brokerages recently weighed in on DO. Pareto Securities raised Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Friday, August 18th. B. Riley reaffirmed a “neutral” rating on shares of Diamond Offshore Drilling in a research report on Wednesday, November 1st. Seaport Global Securities reaffirmed a “sell” rating on shares of Diamond Offshore Drilling in a research report on Monday, July 31st. FBR & Co raised Diamond Offshore Drilling from a “sell” rating to a “neutral” rating and set a $13.00 target price on the stock in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC set a $15.00 target price on Diamond Offshore Drilling and gave the stock a “hold” rating in a research report on Monday, October 30th. Eight analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. Diamond Offshore Drilling has a consensus rating of “Hold” and a consensus price target of $14.71.

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Shares of Diamond Offshore Drilling, Inc. (DO) opened at $16.10 on Thursday. Diamond Offshore Drilling, Inc. has a 52-week low of $10.06 and a 52-week high of $22.65. The stock has a market capitalization of $2,206.62, a PE ratio of 9.35 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 (NYSE:DO) last announced its earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $366.02 million for the quarter, compared to analyst estimates of $365.38 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts predict that Diamond Offshore Drilling, Inc. will post 0.9 EPS for the current year.

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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