Diamond Offshore Drilling (NYSE:DO)‘s stock had its “sell” rating reissued by stock analysts at Jefferies Group in a research report issued to clients and investors on Wednesday. They currently have a $14.00 price objective on the offshore drilling services provider’s stock. Jefferies Group’s price target points to a potential downside of 6.17% from the company’s previous close.

DO has been the subject of a number of other reports. Deutsche Bank started coverage on shares of Diamond Offshore Drilling in a report on Tuesday, October 10th. They issued a “hold” rating and a $15.00 price objective for the company. Zacks Investment Research lowered shares of Diamond Offshore Drilling from a “buy” rating to a “hold” rating in a report on Friday, October 20th. ValuEngine upgraded shares of Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Clarkson Capital lowered shares of Diamond Offshore Drilling from a “buy” rating to a “neutral” rating in a research note on Thursday, January 18th. Finally, Cowen set a $18.00 target price on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Thursday, January 11th. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.92.

Diamond Offshore Drilling (NYSE:DO) opened at $14.92 on Wednesday. Diamond Offshore Drilling has a 1-year low of $10.06 and a 1-year high of $20.41. The firm has a market cap of $2,140.00, a P/E ratio of 12.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.58 and a quick ratio of 3.58.

In other news, Director Charles Fabrikant sold 1,500 shares of the business’s stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $18.55, for a total transaction of $27,825.00. Following the completion of the sale, the director now owns 1,000 shares of the company’s stock, valued at approximately $18,550. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Diamond Offshore Drilling by 22.0% during the 2nd quarter. BlackRock Inc. now owns 9,209,573 shares of the offshore drilling services provider’s stock valued at $99,741,000 after acquiring an additional 1,658,687 shares during the period. Contrarius Investment Management Ltd boosted its holdings in Diamond Offshore Drilling by 13.7% in the 3rd quarter. Contrarius Investment Management Ltd now owns 7,512,035 shares of the offshore drilling services provider’s stock worth $108,925,000 after buying an additional 905,595 shares during the period. State Street Corp boosted its holdings in Diamond Offshore Drilling by 27.3% in the 2nd quarter. State Street Corp now owns 3,021,468 shares of the offshore drilling services provider’s stock worth $32,721,000 after buying an additional 648,077 shares during the period. Majedie Asset Management Ltd boosted its holdings in Diamond Offshore Drilling by 121.9% in the 3rd quarter. Majedie Asset Management Ltd now owns 2,570,583 shares of the offshore drilling services provider’s stock worth $37,273,000 after buying an additional 1,412,327 shares during the period. Finally, Horseman Capital Management Ltd bought a new position in Diamond Offshore Drilling in the 3rd quarter worth $30,944,000.

TRADEMARK VIOLATION WARNING: This story was first posted by Daily Political and is the sole property of of Daily Political. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.dailypolitical.com/2018/02/08/jefferies-group-reaffirms-sell-rating-for-diamond-offshore-drilling-do.html.

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)

Receive News & Ratings for Diamond Offshore Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Offshore Drilling and related companies with MarketBeat.com's FREE daily email newsletter.