Diamond Offshore Drilling (DO) Receiving Somewhat Positive Media Coverage, Report Finds
Media coverage about Diamond Offshore Drilling (NYSE:DO) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a news impact score of 0.15 on Accern’s scale. Accern also gave media headlines about the offshore drilling services provider an impact score of 46.2261995149008 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Some hot names on Wall Street: Diamond Offshore Drilling, Inc. (DO), Array BioPharma Inc. (ARRY) – Market Movers (financialqz.com)
- Loews Corporation : Announces Quarterly Dividend On Common Stock (4-traders.com)
- Bankrupt Seadrill’s Stock Up 43% Last Week (finance.yahoo.com)
- Beware Of ‘Key Reversals’ In Crude Oil And These 4 Oil Services Stocks (finance.yahoo.com)
- Is It Time to Buy These Offshore Oil and Gas Drilling Stocks? (finance.yahoo.com)
A number of equities analysts recently commented on the company. B. Riley restated a “neutral” rating on shares of Diamond Offshore Drilling in a report on Wednesday, November 1st. BidaskClub downgraded Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Zephirin Group restated a “sell” rating on shares of Diamond Offshore Drilling in a report on Wednesday, August 2nd. Seaport Global Securities restated a “sell” rating on shares of Diamond Offshore Drilling in a report on Monday, July 31st. Finally, Piper Jaffray Companies restated a “hold” rating and set a $12.50 target price on shares of Diamond Offshore Drilling in a report on Thursday, August 3rd. Eight investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.71.
Diamond Offshore Drilling (NYSE:DO) traded down $0.06 during trading on Thursday, hitting $15.76. The company had a trading volume of 1,172,477 shares, compared to its average volume of 2,996,080. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.58 and a quick ratio of 3.58. Diamond Offshore Drilling has a 12 month low of $10.06 and a 12 month high of $22.65. The stock has a market capitalization of $2,160.00, a PE ratio of 9.18 and a beta of 1.31.
Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. The company had revenue of $366.02 million for the quarter, compared to analysts’ expectations of $365.38 million. During the same period last year, the firm posted $0.10 earnings per share. Diamond Offshore Drilling’s revenue was up 4.8% compared to the same quarter last year. research analysts anticipate that Diamond Offshore Drilling will post 0.9 earnings per share for the current fiscal year.
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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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