Diamond Offshore Drilling Inc (NYSE:DO)‘s stock had its “neutral” rating reiterated by equities researchers at Barclays PLC in a research report issued to clients and investors on Sunday.

Several other brokerages have also issued reports on DO. UBS AG increased their price target on shares of Diamond Offshore Drilling from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Group LLC reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a research note on Tuesday, October 31st. FBR & Co set a $13.00 price target on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note on Monday, October 30th. Zacks Investment Research lowered shares of Diamond Offshore Drilling from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Finally, Cowen and Company set a $11.00 price target on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. Diamond Offshore Drilling has an average rating of “Hold” and a consensus price target of $14.67.

Shares of Diamond Offshore Drilling (NYSE:DO) opened at $16.88 on Friday. Diamond Offshore Drilling has a 12 month low of $10.06 and a 12 month high of $22.65. The stock has a market cap of $2,254.65, a price-to-earnings ratio of 9.55 and a beta of 1.31. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 0.52.

Diamond Offshore Drilling (NYSE:DO) last announced its quarterly earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a net margin of 2.95% and a return on equity of 1.14%. The business had revenue of $366.02 million during the quarter, compared to analysts’ expectations of $365.38 million. During the same quarter in the prior year, the company posted $0.10 EPS. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. analysts forecast that Diamond Offshore Drilling will post 0.9 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. Hikari Power Ltd raised its position in shares of Diamond Offshore Drilling by 416.6% during the second quarter. Hikari Power Ltd now owns 567,700 shares of the offshore drilling services provider’s stock valued at $6,148,000 after buying an additional 457,800 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Diamond Offshore Drilling by 522.1% during the second quarter. BNP Paribas Arbitrage SA now owns 119,776 shares of the offshore drilling services provider’s stock valued at $1,297,000 after buying an additional 100,521 shares during the last quarter. First Trust Advisors LP raised its position in shares of Diamond Offshore Drilling by 20.7% during the second quarter. First Trust Advisors LP now owns 239,230 shares of the offshore drilling services provider’s stock valued at $2,591,000 after buying an additional 40,955 shares during the last quarter. BlackRock Inc. raised its position in shares of Diamond Offshore Drilling by 7,375.1% during the first quarter. BlackRock Inc. now owns 7,550,886 shares of the offshore drilling services provider’s stock valued at $126,177,000 after buying an additional 7,449,872 shares during the last quarter. Finally, Wayne Hummer Investments L.L.C. bought a new stake in shares of Diamond Offshore Drilling during the second quarter valued at approximately $145,000.

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.

Analyst Recommendations for Diamond Offshore Drilling (NYSE:DO)

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