Diamond Offshore Drilling (DO) : During the past 4 weeks, traders have been relatively bearish on Diamond Offshore Drilling (DO), hence the stock is down -20.99% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.32% relative to the S&P 500. The 4-week change in the price of the stock is -22.59% and the stock has fallen -1.79% in the past 1 week.
The stock has recorded a 20-day Moving Average of 12.61% and the 50-Day Moving Average is 25.71%.The 200 Day SMA reached 28.75% Diamond Offshore Drilling, Inc. has dropped 38.1% during the last 3-month period . Year-to-Date the stock performance stands at -27.39%.
Diamond Offshore Drilling (DO) : The highest level Diamond Offshore Drilling (DO) is projected to reach is $33 for the short term and the lowest estimate is at $15. The consolidated price target from 17 rating analysts who initiate coverage on the stock is $19.87 and the possibility the share price can swing is $4.7.
Company shares have received an average consensus rating of Hold for the current week Diamond Offshore Drilling (NYSE:DO): stock was range-bound between the intraday low of $15.07 and the intraday high of $15.825 after having opened at $15.34 on Fridays session. The stock finally closed in the red at $15.34, a loss of -1.92%. The stock remained in the red for the whole trading day. The total traded volume was 7,617,362 shares. The stock failed to cross $15.825 in Fridays trading. The stocks closing price on Thursday was $15.62.
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.