Diamond Offshore Drilling (DO) Receives Media Sentiment Rating of 0.13

Media headlines about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned news coverage about the offshore drilling services provider an impact score of 46.7124054211589 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

DO has been the topic of a number of research reports. UBS raised shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $15.00 in a research report on Monday, September 25th. Clarkson Capital raised shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating in a research report on Friday, September 1st. ValuEngine raised shares of Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a research report on Friday. Jefferies Group set a $12.00 price objective on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Cowen reissued a “hold” rating and issued a $11.00 price objective on shares of Diamond Offshore Drilling in a research report on Tuesday, September 5th. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Diamond Offshore Drilling has a consensus rating of “Hold” and a consensus target price of $14.71.

Diamond Offshore Drilling (NYSE:DO) traded up $0.06 during trading hours on Tuesday, hitting $16.70. 1,552,294 shares of the company’s stock traded hands, compared to its average volume of 2,933,430. Diamond Offshore Drilling has a 12-month low of $10.06 and a 12-month high of $22.65. The firm has a market capitalization of $2,280.00, a P/E ratio of 9.70 and a beta of 1.29. 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 released its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a net margin of 10.86% and a return on equity of 6.23%. The firm had revenue of $366.02 million for the quarter, compared to the consensus estimate of $365.38 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. equities research analysts expect that Diamond Offshore Drilling will post 0.9 earnings per share for the current year.

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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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