News coverage about Diamond Offshore Drilling (NYSE:DO) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamond Offshore Drilling earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media coverage about the offshore drilling services provider an impact score of 46.9570947270338 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Cowen Analysts Give Diamond Offshore Drilling (DO) a $13.00 Price Target (americanbankingnews.com)
- Rowan Companies’ Provided Its 2018 Capex Guidance (finance.yahoo.com)
- Why Is Diamond Offshore Drilling, Inc. (DO) Up 6.32% Since Its Last Earnings Report? – Nasdaq (nasdaq.com)
- Dissecting Rowan Companies’ Backlog (finance.yahoo.com)
- Diamond Offshore Drilling Inc (DO) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
Several equities analysts have commented on the stock. B. Riley set a $13.00 price target on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Zacks Investment Research upgraded shares of Diamond Offshore Drilling from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Jefferies Group reiterated a “sell” rating and set a $12.00 target price on shares of Diamond Offshore Drilling in a research note on Thursday, February 15th. TheStreet upgraded shares of Diamond Offshore Drilling from a “d+” rating to a “c-” rating in a research note on Monday, January 22nd. Finally, ValuEngine upgraded shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Twelve research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.23.
Shares of Diamond Offshore Drilling (NYSE:DO) opened at $15.45 on Friday. Diamond Offshore Drilling has a 1 year low of $10.06 and a 1 year high of $20.41. The firm has a market cap of $2,046.07, a price-to-earnings ratio of 110.37 and a beta of 1.25. The company has a quick ratio of 3.97, a current ratio of 3.97 and a debt-to-equity ratio of 0.52.
Diamond Offshore Drilling (NYSE:DO) last announced its quarterly earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $331.98 million. During the same period in the previous year, the company earned $0.27 earnings per share. Diamond Offshore Drilling’s quarterly revenue was down 11.7% compared to the same quarter last year. equities analysts predict that Diamond Offshore Drilling will post -0.29 EPS for the current year.
In related news, Director Charles Fabrikant sold 1,500 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $18.55, for a total value of $27,825.00. Following the completion of the sale, the director now directly owns 1,000 shares of the company’s stock, valued at $18,550. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by insiders.
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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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