Wells Fargo & Company MN Boosts Holdings in Diamond Offshore Drilling, Inc. (DO)

Wells Fargo & Company MN grew its holdings in Diamond Offshore Drilling, Inc. (NYSE:DO) by 6.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 579,400 shares of the offshore drilling services provider’s stock after acquiring an additional 36,466 shares during the period. Wells Fargo & Company MN owned about 0.42% of Diamond Offshore Drilling worth $6,274,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of DO. Comerica Bank grew its stake in shares of Diamond Offshore Drilling by 3.9% during the first quarter. Comerica Bank now owns 54,884 shares of the offshore drilling services provider’s stock worth $795,000 after purchasing an additional 2,046 shares in the last quarter. Swiss National Bank grew its stake in shares of Diamond Offshore Drilling by 2.6% during the first quarter. Swiss National Bank now owns 112,853 shares of the offshore drilling services provider’s stock worth $1,886,000 after purchasing an additional 2,900 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Diamond Offshore Drilling by 20.8% during the first quarter. UBS Asset Management Americas Inc. now owns 84,518 shares of the offshore drilling services provider’s stock worth $1,412,000 after purchasing an additional 14,549 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Diamond Offshore Drilling during the first quarter worth $680,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Diamond Offshore Drilling by 12.0% during the first quarter. Ameriprise Financial Inc. now owns 197,384 shares of the offshore drilling services provider’s stock worth $3,297,000 after purchasing an additional 21,212 shares in the last quarter.

WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/10/wells-fargo-company-mn-boosts-holdings-in-diamond-offshore-drilling-inc-do.html.

Shares of Diamond Offshore Drilling, Inc. (DO) opened at 14.86 on Tuesday. The stock has a 50 day moving average of $13.05 and a 200-day moving average of $12.90. Diamond Offshore Drilling, Inc. has a one year low of $10.06 and a one year high of $22.65. The stock has a market capitalization of $2.04 billion, a PE ratio of 12.08 and a beta of 1.18.

Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.21. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $381.50 million. Diamond Offshore Drilling had a net margin of 11.19% and a return on equity of 5.77%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. Equities analysts predict that Diamond Offshore Drilling, Inc. will post $0.92 earnings per share for the current fiscal year.

A number of brokerages recently commented on DO. BidaskClub downgraded 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 lowered their target price for the stock from $12.00 to $9.00 in a research note on Wednesday, June 21st. Jefferies Group LLC set a $14.00 target price on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note 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 target price for the company in a research note on Friday, August 18th. Finally, Bank of America Corporation downgraded shares of Diamond Offshore Drilling from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $13.00 to $14.00 in a research note on Monday. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Di

Several other large investors have also bought and sold shares of DO. Comerica Bank grew its stake in shares of Diamond Offshore Drilling by 3.9% during the first quarter. Comerica Bank now owns 54,884 shares of the offshore drilling services provider’s stock worth $795,000 after purchasing an additional 2,046 shares in the last quarter. Swiss National Bank grew its stake in shares of Diamond Offshore Drilling by 2.6% during the first quarter. Swiss National Bank now owns 112,853 shares of the offshore drilling services provider’s stock worth $1,886,000 after purchasing an additional 2,900 shares in the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Diamond Offshore Drilling by 20.8% during the first quarter. UBS Asset Management Americas Inc. now owns 84,518 shares of the offshore drilling services provider’s stock worth $1,412,000 after purchasing an additional 14,549 shares in the last quarter. Karp Capital Management Corp acquired a new position in shares of Diamond Offshore Drilling during the first quarter worth $680,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Diamond Offshore Drilling by 12.0% during the first quarter. Ameriprise Financial Inc. now owns 197,384 shares of the offshore drilling services provider’s stock worth $3,297,000 after purchasing an additional 21,212 shares in the last quarter.

WARNING: This report was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://ledgergazette.com/2017/10/10/wells-fargo-company-mn-boosts-holdings-in-diamond-offshore-drilling-inc-do.html.

Shares of Diamond Offshore Drilling, Inc. (DO) opened at 14.86 on Tuesday. The stock has a 50 day moving average of $13.05 and a 200-day moving average of $12.90. Diamond Offshore Drilling, Inc. has a one year low of $10.06 and a one year high of $22.65. The stock has a market capitalization of $2.04 billion, a PE ratio of 12.08 and a beta of 1.18.

Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.21. The business had revenue of $399.30 million during the quarter, compared to analyst estimates of $381.50 million. Diamond Offshore Drilling had a net margin of 11.19% and a return on equity of 5.77%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 EPS. Equities analysts predict that Diamond Offshore Drilling, Inc. will post $0.92 earnings per share for the current fiscal year.

A number of brokerages recently commented on DO. BidaskClub downgraded 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 lowered their target price for the stock from $12.00 to $9.00 in a research note on Wednesday, June 21st. Jefferies Group LLC set a $14.00 target price on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note 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 target price for the company in a research note on Friday, August 18th. Finally, Bank of America Corporation downgraded shares of Diamond Offshore Drilling from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $13.00 to $14.00 in a research note on Monday. Ten investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. Diamond Offshore Drilling currently has a consensus rating of “Hold” and an average price target of $14.74.

About Diamond Offshore Drilling

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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