Diamond Offshore Drilling (DO) Earning Somewhat Positive News Coverage, Analysis Shows

Media stories about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave media headlines about the offshore drilling services provider an impact score of 46.2181032123391 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s analysis:

DO has been the subject of a number of research reports. UBS AG upgraded Diamond Offshore Drilling from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.00 to $15.00 in a report on Monday, September 25th. Clarkson Capital upgraded Diamond Offshore Drilling from a “neutral” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC set a $12.00 target price on Diamond Offshore Drilling and gave the stock a “hold” rating in a report on Friday, August 25th. Cowen and Company restated a “hold” rating and set a $11.00 target price on shares of Diamond Offshore Drilling in a report on Tuesday, September 5th. Finally, Seaport Global Securities restated a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. Eight 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 an average target price of $14.71.

Shares of Diamond Offshore Drilling (DO) traded up $0.30 on Friday, reaching $16.06. The company’s stock had a trading volume of 1,452,194 shares, compared to its average volume of 2,642,895. The firm has a market cap 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 current ratio of 3.58 and a quick ratio of 3.58. Diamond Offshore Drilling has a 12 month low of $10.06 and a 12 month high of $22.65.

Diamond Offshore Drilling (NYSE:DO) last announced its quarterly earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.05. The company had revenue of $366.02 million for the quarter, compared to the consensus estimate 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 earned $0.10 EPS. analysts predict that Diamond Offshore Drilling will post 0.9 earnings per share for the current fiscal year.

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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.

Insider Buying and Selling by Quarter for Diamond Offshore Drilling (NYSE:DO)

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