Oregon Public Employees Retirement Fund boosted its position in shares of Diamond Offshore Drilling, Inc. (NYSE:DO) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,587 shares of the offshore drilling services provider’s stock after buying an additional 1,014 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Diamond Offshore Drilling were worth $255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DO. Pastel & Associes SA boosted its stake in shares of Diamond Offshore Drilling by 20.0% in the first quarter. Pastel & Associes SA now owns 449,120 shares of the offshore drilling services provider’s stock valued at $7,505,000 after buying an additional 75,000 shares during the last quarter. Karp Capital Management Corp bought a new stake in shares of Diamond Offshore Drilling during the first quarter valued at approximately $680,000. LMR Partners LLP bought a new stake in shares of Diamond Offshore Drilling during the first quarter valued at approximately $785,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Diamond Offshore Drilling by 17.1% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 13,700 shares of the offshore drilling services provider’s stock valued at $242,000 after buying an additional 2,000 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Diamond Offshore Drilling by 38.1% in the first quarter. Bank of Montreal Can now owns 39,299 shares of the offshore drilling services provider’s stock valued at $657,000 after buying an additional 10,841 shares during the last quarter.

Diamond Offshore Drilling, Inc. (NYSE DO) traded up 0.74% during midday trading on Tuesday, reaching $12.29. 863,909 shares of the company were exchanged. The company has a market capitalization of $1.69 billion, a PE ratio of 9.99 and a beta of 1.12. Diamond Offshore Drilling, Inc. has a 52 week low of $10.06 and a 52 week high of $22.65. The firm has a 50-day moving average price of $11.27 and a 200-day moving average price of $14.31.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.21. Diamond Offshore Drilling had a net margin of 11.19% and a return on equity of 5.77%. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $381.50 million. During the same quarter in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Diamond Offshore Drilling, Inc. will post $0.93 earnings per share for the current fiscal year.

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Several analysts have commented on the stock. Piper Jaffray Companies reiterated a “hold” rating and issued a $12.50 price target on shares of Diamond Offshore Drilling in a research note on Thursday, August 3rd. Seaport Global Securities restated a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. Zephirin Group restated a “sell” rating on shares of Diamond Offshore Drilling in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and issued a $12.00 target price (down from $14.00) on shares of Diamond Offshore Drilling in a report on Tuesday, July 18th. Finally, BidaskClub upgraded shares of Diamond Offshore Drilling from a “strong sell” rating to a “sell” rating in a report on Friday, June 30th. Eleven equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.91.

In other news, Director Paul G. Gaffney purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was bought at an average price of $13.67 per share, for a total transaction of $54,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

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Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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