Diamond Offshore Drilling (DO) : During the past 4 weeks, traders have been relatively bearish on Diamond Offshore Drilling (DO), hence the stock is down -14.53% 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 -5.95% relative to the S&P 500. The 4-week change in the price of the stock is -12.41% and the stock has fallen -5.55% in the past 1 week.
Diamond Offshore Drilling (NYSE:DO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.37 and $21.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $21.69. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.46, notching a gain of 0.47% for the day. The total traded volume was 2,262,674 . The stock had closed at $21.36 on the previous day.
The stock has recorded a 20-day Moving Average of 8.57% and the 50-Day Moving Average is 11.58%. Diamond Offshore Drilling, Inc. has dropped 13.47% during the last 3-month period . Year-to-Date the stock performance stands at 1.71%.
Diamond Offshore Drilling (DO) : Average target price received by Diamond Offshore Drilling (DO) is $21.2 with an expected standard deviation of $5.39. The most aggressive target on the stock is $33, whereas the most downbeat target is $14. 15 financial analysts are currently covering the stock.
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.