Diamond Offshore Drilling (DO) Getting Somewhat Positive Media Coverage, Study Shows

News articles about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Diamond Offshore Drilling earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the offshore drilling services provider an impact score of 45.9913717987692 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news headlines that may have impacted Accern Sentiment’s analysis:

Diamond Offshore Drilling (NYSE:DO) opened at $19.48 on Friday. The company has a market cap of $2,670.00, a PE ratio of 16.10 and a beta of 1.28. 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 has a fifty-two week low of $10.06 and a fifty-two week high of $20.23.

Diamond Offshore Drilling (NYSE:DO) last posted its earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.05. The firm had revenue of $366.02 million during the quarter, compared to analysts’ expectations of $365.38 million. Diamond Offshore Drilling had a net margin of 10.86% and a return on equity of 6.23%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. equities research analysts forecast that Diamond Offshore Drilling will post 0.88 EPS for the current fiscal year.

DO has been the topic of several research reports. UBS Group upgraded shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating and upped their price target for the company from $12.00 to $15.00 in a research note on Monday, September 25th. ValuEngine upgraded shares of Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Jefferies Group set a $15.00 price objective on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note on Monday, October 30th. Citigroup downgraded shares of Diamond Offshore Drilling from a “neutral” rating to a “sell” rating and set a $12.00 price objective on the stock. in a research note on Thursday, October 12th. Finally, Zacks Investment Research downgraded shares of Diamond Offshore Drilling from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Nine analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $14.53.

In other news, Director Charles Fabrikant sold 1,500 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $18.55, for a total value of $27,825.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $18,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

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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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