Economy

Airain ltd Acquires 158778 Shares of Diamond Offshore Drilling, Inc. (DO)

Pacific Drilling (NYSE PACD) traded down 15.9126% during midday trading on Thursday, hitting $0.3773. The institutional investor owned 245,894 shares of the offshore drilling services provider's stock after purchasing an additional 158,778 shares during the period.

EPS Estimate for the next year is 0.2. The Company provides offshore drilling services to the oil and natural gas industry through the use of high-specification rigs. Accern also gave news articles about the offshore drilling services provider an impact score of 45.8360976574831 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Let's have a look at some of the important valuation ratios of the Diamond Offshore Drilling, Inc. DekaBank Deutsche Girozentrale acquired a new stake in Diamond Offshore Drilling during the third quarter worth $129,000.

Banco Santander S.A. (BSD2.DE) shares are moving today on volatility 0.71% or 0.04 from the open. ValuEngine raised shares of Diamond Offshore Drilling from a "hold" rating to a "buy" rating in a research note on Wednesday, September 6th. BlackRock has an ownership of 7,550,886 stocks of the offshore drilling services provider's shares valued $126,177,000 after scooping up an extra 7,449,872 shares through out the previous quarter, Contrarius Investment Management grew its stake in Diamond Offshore Drilling by 99.0% through out the 2nd period. Balentine LLC boosted its position in Diamond Offshore Drilling by 5.7% in the second quarter. Volume on the day was 5.3 million shares. The firm has a market capitalization of $1.87 billion, a PE ratio of 11.08 and a beta of 1.13. Diamond Offshore Drilling has a 1 year low of $10.06 has a 1 year high of $22.65. Next quarter's EPS is estimated at $0.10 with next year's EPS projected to be $0.20. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $381.50 million. Diamond Offshore Drilling had a negative net margin of 41.61% and a positive return on equity of 6.32%.

EPS growth for the next 5 years is 0 percent. For the same quarter from the prior fiscal year, firm posted $0.16 Earnings Per Share. brokerage firm analysts expect that Diamond Offshore Drilling to post $0.93 earnings per share for the financial year.

ILLEGAL ACTIVITY NOTICE: "Airain ltd Acquires 158,778 Shares of Diamond Offshore Drilling, Inc. (DO)" was originally reported by Week Herald and is the property of of Week Herald. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & worldwide trademark & copyright laws. The legal version of this news story can be viewed at https://weekherald.com/2017/09/14/airain-ltd-has-2-66-million-position-in-diamond-offshore-drilling-inc-do.html.

A number of analysts have recently weighed in on DO shares.

RBC Capital "Upgrades" Diamond Offshore Drilling (NYSE:DO) in a research note issued to investors on 8/25/17 to Sector Perform with price target of $0. Finally, upgraded shares of Diamond Offshore Drilling from a "sell" rating to an "underperform" rating in a research note on Monday, October 17th. Nine equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Its book value per share for the most recent quarter is $27.63 while its price to book ratio for the same period is 0.49, as for as the company's cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0.



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