Diamond Offshore Drilling (NYSE:DO) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3.36 by 16 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 9 Brokerage Firms have advised hold. 4 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Bank of America reinstates its rating on Diamond Offshore Drilling (NYSE:DO). Analysts at the Bank of America have a current rating of Buy on the shares. The rating by the firm was issued on June 13, 2016.
Diamond Offshore Drilling (NYSE:DO) stock has received a short term price target of $ 21.53 from 15 Analyst. The share price can be expected to fluctuate from the mean short term target, can be seen from the standard deviation reading of $5.83. The higher estimate of target price is $34 , while the lower price target estimate is $14
Diamond Offshore Drilling (NYSE:DO) rose 2.69% or 0.66 points on Tuesday and made its way into the gainers of the day. After trading began at $24.5 the stock was seen hitting $25.43 as a peak level and $24.105 as the lowest level. The stock ended up at $25.2. The daily volume was measured at 1,451,446 shares. The 52-week high of the share price is $27.97 and the 52-week low is $14.175. The company has a market cap of $3,457 million.
Shares of Diamond Offshore Drilling, Inc. rose by 2.11% in the last five trading days and 4.22% for the last 4 weeks. Diamond Offshore Drilling, Inc. is up 8.86% in the last 3-month period. Year-to-Date the stock performance stands at 19.43%.
Diamond Offshore Drilling, Inc. is a company engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of 38 offshore drilling rigs, including 27 semisubmersibles, six jack-ups and five drillships. The Companys diverse fleet enables the Company to offer a range of services around the world in both the floater market (ultra-deepwater, deepwater and mid-water) and the non-floater, or jack-up, market. The Companys floater fleet (semisubmersibles and drillships) is of three types: ultra-deepwater, deepwater, and mid-water. Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Companys jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Companys jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.