Capital One Financial Corporation Weighs in on Diamond Offshore Drilling, Inc.’s FY2017 Earnings (DO)

Diamond Offshore Drilling, Inc. (NYSE:DO) – Investment analysts at Capital One Financial Corporation increased their FY2017 EPS estimates for shares of Diamond Offshore Drilling in a research report issued on Monday. Capital One Financial Corporation analyst J. Gibney now anticipates that the offshore drilling services provider will earn $1.04 per share for the year, up from their prior estimate of $1.03. Capital One Financial Corporation also issued estimates for Diamond Offshore Drilling’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at ($0.05) EPS and FY2018 earnings at $0.11 EPS.

A number of other equities analysts have also commented on DO. Jefferies Group LLC reiterated a “hold” rating and set a $12.00 price target (down previously from $14.00) on shares of Diamond Offshore Drilling in a report on Tuesday, July 18th. Zephirin Group restated a “sell” rating on shares of Diamond Offshore Drilling in a report on Wednesday, August 2nd. Seaport Global Securities reiterated a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. Piper Jaffray Companies reiterated a “hold” rating and set a $12.50 price objective on shares of Diamond Offshore Drilling in a report on Thursday, August 3rd. Finally, BidaskClub lowered shares of Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.48.

TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.com-unik.info/2017/11/01/capital-one-financial-corporation-weighs-in-on-diamond-offshore-drilling-inc-s-fy2017-earnings-do.html.

Diamond Offshore Drilling (DO) opened at 17.30 on Wednesday. The firm has a market cap of $2.37 billion, a P/E ratio of 14.07 and a beta of 1.19. Diamond Offshore Drilling has a 12-month low of $10.06 and a 12-month high of $22.65. The firm’s 50-day moving average price is $14.69 and its 200 day moving average price is $12.86.

Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a return on equity of 6.25% and a net margin of 10.86%. The firm had revenue of $366.02 million for the quarter, compared to the consensus estimate of $365.38 million. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year.

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. bought a new position in Diamond Offshore Drilling during the second quarter valued at $118,000. BlueMountain Capital Management LLC bought a new position in shares of Diamond Offshore Drilling in the second quarter worth about $119,000. Zacks Investment Management bought a new position in shares of Diamond Offshore Drilling in the second quarter worth about $124,000. Victory Capital Management Inc. bought a new position in shares of Diamond Offshore Drilling in the third quarter worth about $126,000. Finally, M&T Bank Corp bought a new position in shares of Diamond Offshore Drilling in the second quarter worth about $139,000.

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.

Earnings History and Estimates for Diamond Offshore Drilling (NYSE:DO)

What are top analysts saying about Diamond Offshore Drilling Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Diamond Offshore Drilling Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit