Zacks Rating on Diamond Offshore Drilling (DO)

Diamond Offshore Drilling (DO) : Zacks Investment Research ranks Diamond Offshore Drilling (DO) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 5 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 18 research analysts is 3.43, which indicates as a Hold.

Diamond Offshore Drilling (DO) : 16 investment research analysts covering Diamond Offshore Drilling (DO) have an average price target of $21.19 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $15 for the short term. Analysts expect the variance to be within $5.24 of the average price.


Diamond Offshore Drilling, Inc. has lost 4.35% in the last five trading days and dropped 16.02% in the last 4 weeks. Diamond Offshore Drilling, Inc. has dropped 20.05% during the last 3-month period . Year-to-Date the stock performance stands at -8.34%. Diamond Offshore Drilling (NYSE:DO): stock turned positive on Tuesday. Though the stock opened at $19.23, the bulls momentum made the stock top out at $19.69 level for the day. The stock recorded a low of $19.16 and closed the trading day at $19.34, in the green by 0.31%. The total traded volume for the day was 1,247,892. The stock had closed at $19.28 in the previous days trading.

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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