Diamond Offshore Drilling, Inc. (DO) Shares Bought by Aperio Group LLC
Aperio Group LLC raised its position in shares of Diamond Offshore Drilling, Inc. (NYSE:DO) by 97.6% during the second quarter, Holdings Channel reports. The fund owned 80,363 shares of the offshore drilling services provider’s stock after buying an additional 39,690 shares during the period. Aperio Group LLC’s holdings in Diamond Offshore Drilling were worth $870,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC increased its position in shares of Diamond Offshore Drilling by 10.2% in the first quarter. Lazard Asset Management LLC now owns 6,685 shares of the offshore drilling services provider’s stock worth $111,000 after buying an additional 620 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Diamond Offshore Drilling by 3.0% in the first quarter. Advantus Capital Management Inc now owns 8,254 shares of the offshore drilling services provider’s stock worth $138,000 after buying an additional 242 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in shares of Diamond Offshore Drilling during the first quarter worth about $140,000. Beech Hill Advisors Inc. increased its position in shares of Diamond Offshore Drilling by 7.6% in the second quarter. Beech Hill Advisors Inc. now owns 14,225 shares of the offshore drilling services provider’s stock worth $154,000 after buying an additional 1,000 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of Diamond Offshore Drilling during the first quarter worth about $169,000.
Diamond Offshore Drilling, Inc. (NYSE:DO) traded up 2.22% during mid-day trading on Friday, hitting $10.61. The company had a trading volume of 2,518,443 shares. The firm has a market capitalization of $1.46 billion, a P/E ratio of 8.63 and a beta of 1.12. Diamond Offshore Drilling, Inc. has a 12 month low of $10.06 and a 12 month high of $22.65. The company has a 50-day moving average price of $11.43 and a 200 day moving average price of $13.80.
Diamond Offshore Drilling (NYSE:DO) last announced its quarterly earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.21. Diamond Offshore Drilling had a return on equity of 5.77% and a net margin of 11.19%. The firm had revenue of $399.30 million during the quarter, compared to analyst estimates of $381.50 million. During the same quarter in the previous year, the business earned $0.16 EPS. Diamond Offshore Drilling’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts forecast that Diamond Offshore Drilling, Inc. will post $0.94 EPS for the current fiscal year.
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DO has been the topic of a number of research analyst reports. Pareto Securities raised Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday. Barclays PLC reaffirmed an “equal weight” rating and set a $15.00 price target (down from $19.00) on shares of Diamond Offshore Drilling in a report on Monday, May 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set a $12.50 price target on shares of Diamond Offshore Drilling in a report on Thursday, August 3rd. Jefferies Group LLC set a $14.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a report on Wednesday, May 24th. Finally, Bank of America Corporation downgraded Diamond Offshore Drilling from a “buy” rating to a “neutral” rating and lowered their price target for the company from $22.00 to $12.00 in a report on Friday, June 30th. Ten equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Diamond Offshore Drilling has an average rating of “Hold” and an average price target of $15.73.
In other Diamond Offshore Drilling news, Director Paul G. Gaffney purchased 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was purchased at an average price of $13.67 per share, for a total transaction of $54,680.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.03% of the stock is owned by insiders.
About Diamond Offshore Drilling
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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