The Diamond Offshore Drilling Inc. (DO) Upgrade to Buy at Swedbank

Cowen and Company's price objective indicates a potential downside of 30.42% from the company's previous close. Pareto Securities raised shares of Diamond Offshore Drilling from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a report on Friday, August 18th. Piper Jaffray Companies reissued a "hold" rating and issued a $9.33 price target on shares of Diamond Offshore Drilling in a research report on Tuesday, September 19th. ValuEngine raised Diamond Offshore Drilling from a "hold" rating to a "buy" rating in a research note on Wednesday, September 6th. Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since October 30, 2016 and is downtrending. They set a sector perform rating and a $17.00 price target on the stock.

A number of other brokerages have also recently weighed in on DO. The company has a consensus rating of Hold and an average price target of $19.73. With 2.08M avg volume, 16 days are for Diamond Offshore Drilling IN (NYSE:DO)'s short sellers to cover DO's short positions. Current price levels see the company 11.08% off the 20-day simple moving average. Diamond Offshore Drilling has a one year low of $10.06 and a one year high of $22.65. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Offshore Drilling, Inc. with's FREE daily email newsletter. The offshore drilling services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.21.

Revenue from contract drilling rose 5.3 percent to $357.7 million, while total revenue was up 4.8 percent at $366 million.

Two Diamond Offshore drilling rigs - semisubmersibles Ocean Apex and Ocean Patriot - have secured contracts for additional work. However, 10.48% over the last one month, 27.29% for the last quarter and year to date performance stands at -10.68%. During the same period in the prior year, the business earned $0.10 EPS. The Arizona-based Tci Wealth Advisors has invested 0% in Diamond Offshore Drilling Inc (NYSE:DO).

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Large investors have recently modified their holdings of the company. Teachers Retirement System Of The State Of Kentucky has invested 0% in Diamond Offshore Drilling Inc (NYSE:DO).

Shares of Office Depot, Inc. Dimensional Fund L P stated it has 0.02% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO). Aperio Group LLC boosted its stake in shares of Diamond Offshore Drilling by 204.5% in the third quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of Diamond Offshore Drilling by 7.2% in the third quarter.

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.

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