Economy

Diamond Offshore Drilling, Inc. (DO) Receives $14.95 Consensus Target Price from Analysts

Its up 0.01, from 1.16 in 2017Q1.

The company is now up from yesterday's close of 13.27. 39 funds opened positions while 78 raised stakes. During last 3 month period, -0.75% of total institutional ownership has changed in the company shares. There has been an observed change of 0.64% in the ownership of the shares in the past six months. After $0.45 actual earnings per share reported by Diamond Offshore Drilling Inc for the previous quarter, Wall Street now forecasts -48.89% negative EPS growth. Moreover, Calamos Advsr Limited Co has 0% invested in Diamond Offshore Drilling Inc (NYSE:DO). Ubs Oconnor Ltd Liability Company, Illinois-based fund reported 221,559 shares. American Intl Grp invested 0.01% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO). 143.22 million shares or 1.03% less from 144.72 million shares in 2017Q1 were reported. The James Investment Research Inc holds 24,575 shares with $266,000 value, down from 688,085 last quarter. Advantus Capital Management boosted its stake in stocks of Diamond Offshore Drilling by 3.0% during the Q1. Brown Advisory has 0% invested in Diamond Offshore Drilling Inc (NYSE:DO).

Investors of this company earned a return of 2.70% on the assets it owns in past twelve month. Wayne Hummer Investments L.L.C. purchased a fresh position in stocks of Diamond Offshore Drilling through out the Fiscal Q2 valued $145,000. Credit Suisse Ag invested in 90,677 shares.

Since May 22, 2017, it had 1 buying transaction, and 0 selling transactions for $54,660 activity. BlackRock Inc. grew its position in Diamond Offshore Drilling by 7,375.1% in the 1st quarter. About 589,855 shares traded. Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since September 25, 2016 and is downtrending. It has underperformed by 59.72% the S&P500. We have $15.17 PT which if reached, will make NYSE:DO worth $117.60 million more.

Analysts await Diamond Offshore Drilling Inc (NYSE:DO) to report earnings on October, 30. (DO) held 137.22 million outstanding shares now. DO's profit will be $31.64M for 15.57 P/E if the $0.23 EPS becomes a reality. Analysts expect next quarter's EPS to be $0.10 with next year's EPS projected to be $0.20.

Among 31 analysts covering Diamond Offshore Drilling Inc. Therefore 17% are positive. Diamond Offshore Drilling Inc. had 62 analyst reports since August 5, 2015 according to SRatingsIntel. As per Wednesday, September 14, the company rating was initiated by Howard Weil. The stock of Diamond Offshore Drilling Inc (NYSE:DO) earned "Sell" rating by Citigroup on Tuesday, October 20. As per Tuesday, November 3, the company rating was upgraded by Evercore. The firm has "Buy" rating given on Monday, September 19 by Zephrin Group. The firm has "Neutral" rating by Goldman Sachs given on Friday, March 11. Barclays Capital maintained the shares of DO in report on Monday, March 28 with "Underweight" rating.

Pareto both upgraded the stock and lowered the price target on August 18 changing the price target from $44.00 to $12.00 and changing the rating from "Hold" to "Buy". Pareto Securities raised shares of Diamond Offshore Drilling from a "hold" rating to a "buy" rating and set a $12.00 target price for the company in a research note on Friday, August 18th. The original version of this story can be accessed at https://www.truebluetribune.com/2017/09/25/diamond-offshore-drilling-inc-do-receives-14-95-consensus-target-price-from-analysts.html. - Diamond Offshore Drilling, W&T ..." published on August 28, 2017 as well as Nasdaq.com's news article titled: "Hikari Tsushin, Inc.

Diamond Offshore Drilling, Inc., launched on April 12, 1989, provides contract drilling services to the energy industry.

Diamond Offshore has a 52 week low of $10.06 and a 52 week high of $22.65 with a P/E ratio of 11.41 The company's market cap is now $0. Jefferies fixed a $14.00 price objective on the stock of Diamond Offshore Drilling and issued the company a "hold" recommendation in a analysis note on Saturday, Jul 1st. The P/E Ratio measures its current share price relative to its per-share earnings.



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