Discussion stirs around Diamond Offshore Drilling Inc (NYSE:DO) this week; here is what analysts are saying.

July 17, 2017 - By Vivian Currie

 Discussion stirs around Diamond Offshore Drilling Inc (NYSE:DO) this week; here is what analysts are saying.
Investors sentiment decreased to 0.71 in 2016 Q4. Its down 0.42, from 1.13 in 2016Q3. It fall, as 64 investors sold Diamond Offshore Drilling Inc shares while 90 reduced holdings. 42 funds opened positions while 68 raised stakes. 142.56 million shares or 4.41% less from 149.14 million shares in 2016Q3 were reported.
Dimensional Fund Advsrs L P has invested 0.04% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO). Ny State Teachers Retirement Sys invested in 124,100 shares or 0.01% of the stock. Cwm Ltd Limited Liability Company accumulated 123 shares. Ent Services, a Missouri-based fund reported 124 shares. Indexiq holds 0% or 2,511 shares in its portfolio. Sg Americas Limited Liability Corporation holds 90,772 shares. Highbridge Capital Mgmt Ltd Liability Co stated it has 0.11% in Diamond Offshore Drilling Inc (NYSE:DO). Natl Bank Of America De holds 785,509 shares or 0% of its portfolio. Fortress Inv Gru Ltd Liability Company holds 30,975 shares or 0.01% of its portfolio. Creative Planning invested 0% in Diamond Offshore Drilling Inc (NYSE:DO). Allianz Asset Ag reported 503,793 shares. Switzerland-based Credit Suisse Ag has invested 0% in Diamond Offshore Drilling Inc (NYSE:DO). Strategic Global Ltd Llc holds 0.34% or 51,068 shares. Metropolitan Life Insur Com has 0.01% invested in Diamond Offshore Drilling Inc (NYSE:DO) for 60,233 shares. Van Den Berg Mngmt I Inc owns 244,697 shares or 0.51% of their US portfolio.

Since May 22, 2017, it had 1 insider purchase, and 0 insider sales for $54,660 activity.

Diamond Offshore Drilling Inc (NYSE:DO) Ratings Coverage

Among 28 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 4 have Buy rating, 6 Sell and 18 Hold. Therefore 14% are positive. Diamond Offshore Drilling Inc. had 55 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Howard Weil on Tuesday, August 4 with “Sector Perform”. The firm has “Hold” rating by Evercore given on Tuesday, November 3. FBR Capital maintained Diamond Offshore Drilling Inc (NYSE:DO) rating on Tuesday, November 1. FBR Capital has “Underperform” rating and $13 target. The firm has “Hold” rating given on Monday, September 28 by Deutsche Bank. On Friday, March 24 the stock rating was initiated by Tudor Pickering with “Hold”. The company was initiated on Monday, December 14 by KLR Group. The stock of Diamond Offshore Drilling Inc (NYSE:DO) earned “Sell” rating by Citigroup on Tuesday, October 20. The stock of Diamond Offshore Drilling Inc (NYSE:DO) has “Neutral” rating given on Thursday, August 25 by Citigroup. The company was upgraded on Monday, January 9 by Barclays Capital. The rating was upgraded by CapitalOne on Monday, October 31 to “Equal Weight”. Below is a list of Diamond Offshore Drilling Inc (NYSE:DO) latest ratings and price target changes.

11/07/2017 Broker: BMO Capital Markets Rating: Sell New Target: $10.0000 Maintain
30/06/2017 Broker: Jefferies Rating: Hold New Target: $14.0000 Maintain
30/06/2017 Broker: Bank of America Old Rating: Buy New Rating: Neutral Downgrade
21/06/2017 Broker: Seaport Global Old Rating: Buy New Rating: Neutral Downgrade
19/04/2017 Broker: BMO Capital Markets Rating: Sell New Target: $14.50 Maintain
24/03/2017 Broker: Tudor Pickering Rating: Hold Initiate
23/03/2017 Broker: Scotia Capital Rating: Hold New Target: $19.00 Maintain

About 1.23M shares traded. Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since July 17, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. The company has market cap of $1.60 billion. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. It currently has negative earnings. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig.

More news for Diamond Offshore Drilling Inc (NYSE:DO) were recently published by: Prnewswire.com, which released: “Diamond Offshore to Release Second Quarter 2017 Results on July 31” on July 13, 2017. Gurufocus.com‘s article titled: “Pastel & Associes Sa Buys Diamond Offshore Drilling Inc, Markel Corp, Sells …” and published on July 06, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.