Brokerage Firm Rating Update on Diamond Offshore Drilling (DO)

Diamond Offshore Drilling (DO) has an average broker rating of 3.43, which is interpreted as a Hold, as rated by 18 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 10 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 5 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Diamond Offshore Drilling (DO) : The most positive equity analysts on Diamond Offshore Drilling (DO) expects the shares to touch $33, whereas, the least positive believes that the stock will trade at $15 in the short term. The company is covered by 16 Wall Street Brokerage Firms. The average price target for shares are $20.04 with an expected fluctuation of $4.8 from the mean.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Diamond Offshore Drilling (NYSE:DO). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $18 per share from a prior target of $21. The rating by the firm was issued on September 2, 2016.

Diamond Offshore Drilling (NYSE:DO): stock was range-bound between the intraday low of $15.94 and the intraday high of $16.56 after having opened at $16.42 on Wednesdays session. The stock finally closed in the red at $16.42, a loss of -2.62%. The stock remained in the red for the whole trading day. The total traded volume was 4,654,639 shares. The stock failed to cross $16.56 in Wednesdays trading. The stocks closing price on Thursday was $16.4.

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.

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