News articles about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the offshore drilling services provider an impact score of 47.146303246827 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s rankings:
- Zacks: Brokerages Anticipate Diamond Offshore Drilling (DO) Will Announce Quarterly Sales of $295.49 Million (americanbankingnews.com)
- Diamond Offshore Drilling (DO) Forecasted to Earn FY2020 Earnings of ($2.68) Per Share (americanbankingnews.com)
- Diamond Offshore Drilling (DO) Expected to Announce Earnings of -$0.26 Per Share (americanbankingnews.com)
- Fading In Success? Diebold Nixdorf, Incorporated (DBD), Diamond Offshore Drilling, Inc. (DO) (nmsunews.com)
- Mechanic’s Chemical Burn Suit Against Drilling Co. Revived (law360.com)
Shares of Diamond Offshore Drilling opened at $19.60 on Friday, MarketBeat reports. Diamond Offshore Drilling has a one year low of $10.06 and a one year high of $20.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 4.51 and a current ratio of 4.51. The stock has a market cap of $2.61 billion, a P/E ratio of 23.90 and a beta of 1.16.
Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, April 30th. The offshore drilling services provider reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.03. Diamond Offshore Drilling had a return on equity of 1.78% and a net margin of 1.00%. The company had revenue of $295.50 million for the quarter, compared to analyst estimates of $295.89 million. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s revenue for the quarter was down 21.0% compared to the same quarter last year. equities research analysts expect that Diamond Offshore Drilling will post -0.53 earnings per share for the current fiscal year.
DO has been the topic of a number of analyst reports. Barclays lowered Diamond Offshore Drilling from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $19.92 to $13.00 in a research report on Tuesday, January 23rd. TheStreet upgraded Diamond Offshore Drilling from a “d+” rating to a “c-” rating in a research report on Monday, January 22nd. ValuEngine upgraded Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Jefferies Group reiterated a “sell” rating and issued a $14.00 price target on shares of Diamond Offshore Drilling in a research report on Wednesday, February 7th. Finally, UBS lowered Diamond Offshore Drilling to an “underperform” rating in a research report on Friday, February 9th. Twelve analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $13.93.
In related news, insider Marc Gerard Rex Edwards sold 32,718 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The stock was sold at an average price of $18.20, for a total transaction of $595,467.60. Following the sale, the insider now owns 78,265 shares in the company, valued at approximately $1,424,423. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.
About Diamond Offshore Drilling
Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles.
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