Susquehanna Bancshares set a $15.00 target price on Diamond Offshore Drilling (NYSE:DO) in a report published on Tuesday morning. The firm currently has a hold rating on the offshore drilling services provider’s stock.

Other equities research analysts have also issued reports about the stock. UBS Group lifted their price target on shares of Diamond Offshore Drilling from $15.00 to $19.00 and gave the company a buy rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Diamond Offshore Drilling from a hold rating to a buy rating and set a $17.00 price target on the stock in a research note on Monday, October 16th. ValuEngine upgraded shares of Diamond Offshore Drilling from a hold rating to a buy rating in a research note on Friday, February 2nd. TheStreet upgraded shares of Diamond Offshore Drilling from a d+ rating to a c- rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada set a $19.00 price target on shares of Diamond Offshore Drilling and gave the company a hold rating in a research note on Thursday, December 21st. Twelve equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the stock. Diamond Offshore Drilling presently has an average rating of Hold and a consensus price target of $14.59.

Shares of Diamond Offshore Drilling (NYSE DO) opened at $14.09 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.58 and a quick ratio of 3.58. Diamond Offshore Drilling has a 52 week low of $10.06 and a 52 week high of $20.41. The stock has a market cap of $1,930.00, a price-to-earnings ratio of 108.38 and a beta of 1.13.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Diamond Offshore Drilling had a net margin of 1.23% and a return on equity of 2.96%. The firm had revenue of $346.20 million for the quarter, compared to analyst estimates of $331.98 million. During the same period in the previous year, the business earned $0.27 EPS. The company’s revenue was down 11.7% compared to the same quarter last year. equities research analysts anticipate that Diamond Offshore Drilling will post -0.08 earnings per share for the current fiscal year.

In other news, Director Charles Fabrikant sold 1,500 shares of the business’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $18.55, for a total transaction of $27,825.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $18,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its stake in shares of Diamond Offshore Drilling by 2.3% during the 3rd quarter. Rhumbline Advisers now owns 137,428 shares of the offshore drilling services provider’s stock worth $1,993,000 after purchasing an additional 3,069 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Diamond Offshore Drilling by 7.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 50,486 shares of the offshore drilling services provider’s stock worth $732,000 after purchasing an additional 3,389 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Diamond Offshore Drilling by 9.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 40,856 shares of the offshore drilling services provider’s stock worth $592,000 after purchasing an additional 3,612 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of Diamond Offshore Drilling by 11.4% during the 4th quarter. CIBC World Markets Inc. now owns 36,173 shares of the offshore drilling services provider’s stock worth $672,000 after purchasing an additional 3,700 shares during the last quarter. Finally, TD Asset Management Inc. grew its stake in Diamond Offshore Drilling by 10.4% in the 3rd quarter. TD Asset Management Inc. now owns 41,400 shares of the offshore drilling services provider’s stock valued at $600,000 after buying an additional 3,900 shares during the last quarter.

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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.

Analyst Recommendations for Diamond Offshore Drilling (NYSE:DO)

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