News coverage about Diamond Offshore Drilling (NYSE:DO) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a news impact score of 0.13 on Accern’s scale. Accern also gave press coverage about the offshore drilling services provider an impact score of 46.5526587166263 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Diamond Offshore Drilling, Inc. (DO) Capturing Intentions on Investment Charts on Beta Factor of 1.29 – Wallstreet Investorplace (wallstreetinvestorplace.com)
- ETFs with exposure to Diamond Offshore Drilling, Inc. : December 5, 2017 (finance.yahoo.com)
- Explore Volatility Factor For Clear Picture – Diamond Offshore Drilling, Inc., (NYSE: DO) – Stock Watch (stocksnewstimes.com)
- Express, Inc. (EXPR) Attaining Market Attention on Technical Facts- Diamond Offshore Drilling, Inc. (DO) – Investing News Update (investingbizz.com)
- Stocks Messing With The Heads Of Investors: Diamond Offshore Drilling, Inc. (DO), KLA-Tencor Corporation (KLAC) – Market Movers (financialqz.com)
A number of research analysts have recently issued reports on the company. FBR & Co set a $13.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a report on Monday, October 30th. B. Riley reissued a “neutral” rating on shares of Diamond Offshore Drilling in a report on Wednesday, November 1st. Jefferies Group set a $15.00 target price on Diamond Offshore Drilling and gave the company a “hold” rating in a report on Monday, October 30th. ValuEngine raised Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Finally, UBS increased their target price on Diamond Offshore Drilling from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Eight analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $14.71.
Diamond Offshore Drilling (NYSE DO) opened at $16.43 on Friday. 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 company has a market capitalization of $2,219.66, a PE ratio of 9.40 and a beta of 1.29.
Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings data on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, topping 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 firm had revenue of $366.02 million for the quarter, compared to the consensus estimate of $365.38 million. During the same quarter last year, the company earned $0.10 earnings per share. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. research analysts expect that Diamond Offshore Drilling will post 0.88 EPS for the current fiscal year.
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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