Diamond Offshore Drilling Inc. (NYSE:DO) shares traded down 2.6% during trading on Monday . The stock traded as low as $19.17 and last traded at $19.27, with a volume of 1,220,575 shares trading hands. The stock had previously closed at $19.79.

Several research analysts recently commented on the company. Credit Suisse Group AG reissued a “hold” rating and set a $18.00 price target on shares of Diamond Offshore Drilling in a research report on Tuesday, May 3rd. Vetr raised Diamond Offshore Drilling from a “strong sell” rating to a “sell” rating and set a $21.84 price target for the company in a research report on Monday, May 2nd. BMO Capital Markets reissued a “sell” rating on shares of Diamond Offshore Drilling in a research report on Monday, May 2nd. Zacks Investment Research raised Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, May 5th. Finally, Simmons reaffirmed a “hold” rating and issued a $19.25 price objective (up from $19.00) on shares of Diamond Offshore Drilling in a research report on Tuesday, May 3rd. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.72.

The company’s market cap is $2.64 billion. The company has a 50-day moving average of $22.53 and a 200 day moving average of $22.69.

Diamond Offshore Drilling (NYSE:DO) last posted its earnings results on Monday, August 1st. The offshore drilling services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.08. The company had revenue of $388.75 million for the quarter, compared to analysts’ expectations of $374.17 million. The company’s revenue was down 38.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. On average, analysts anticipate that Diamond Offshore Drilling Inc. will post $1.19 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Diamond Offshore Drilling stock. Airain ltd increased its stake in Diamond Offshore Drilling Inc. (NYSE:DO) by 35.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,484 shares of the offshore drilling services provider’s stock after buying an additional 54,238 shares during the period. Airain ltd owned approximately 0.15% of Diamond Offshore Drilling worth $4,336,000 as of its most recent SEC filing.

Diamond Offshore Drilling, Inc is engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships. Its fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water).

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