Press coverage about Diamond Offshore Drilling (NYSE:DO) has trended positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a news impact score of 0.44 on Accern’s scale. Accern also assigned news articles about the offshore drilling services provider an impact score of 96 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Poor Future ahead on Diamond Offshore Drilling, Inc. (DO) – Street Observer (press release) (streetobserver.com)
- Diamond Offshore Drilling, Inc. (DO) Holdings Up in Latest Report from Contrarius Investment Management Ltd – First News 24 (firstnewspaper24.com)
- A Look At Recent Insider Trades For Diamond Offshore Drilling, Inc. (DO) – Economic News (economicsandmoney.com)
- $368.99 Million in Sales Expected for Diamond Offshore Drilling, Inc. (NYSE:DO) This Quarter (americanbankingnews.com)
- Diamond Offshore Drilling, Inc. (DO) Stock Busy in Financial Matters- Realogy Holdings Corp. (RLGY) – Investing News Update (investingbizz.com)
A number of equities analysts have recently commented on the company. BidaskClub downgraded Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a research report on Friday. Piper Jaffray Companies restated a “hold” rating and set a $12.50 target price on shares of Diamond Offshore Drilling in a research note on Thursday, August 3rd. Seaport Global Securities restated a “sell” rating on shares of Diamond Offshore Drilling in a research note on Monday, July 31st. Zephirin Group restated a “sell” rating on shares of Diamond Offshore Drilling in a research note on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $12.00 target price (down previously from $14.00) on shares of Diamond Offshore Drilling in a research note on Tuesday, July 18th. Eleven analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $15.91.
Diamond Offshore Drilling (DO) traded up 2.06% during mid-day trading on Friday, reaching $11.38. The company’s stock had a trading volume of 3,068,463 shares. Diamond Offshore Drilling has a 1-year low of $10.06 and a 1-year high of $22.65. The company has a market capitalization of $1.56 billion, a PE ratio of 9.25 and a beta of 1.12. The firm has a 50 day moving average price of $11.39 and a 200-day moving average price of $14.08.
Diamond Offshore Drilling (NYSE:DO) last issued its earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.21. The business had revenue of $399.30 million for the quarter, compared to analysts’ expectations of $381.50 million. Diamond Offshore Drilling had a return on equity of 5.77% and a net margin of 11.19%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities analysts predict that Diamond Offshore Drilling will post $0.94 EPS for the current fiscal year.
In related news, Director Paul G. Gaffney bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were acquired at an average cost of $13.67 per share, for a total transaction of $54,680.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.03% of the company’s stock.
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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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