Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Diamond Offshore Drilling (DO) Stock Price

News headlines about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive on Tuesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 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 nearest to one being the most favorable. Diamond Offshore Drilling earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the offshore drilling services provider an impact score of 46.152503929376 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have effected Accern’s scoring:

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NYSE:DO opened at $18.71 on Tuesday. The firm has a market cap of $2,541.46, a PE ratio of 22.82 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.97 and a quick ratio of 3.97. Diamond Offshore Drilling has a 52-week low of $10.06 and a 52-week high of $20.41.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. The business had revenue of $346.20 million during the quarter, compared to the consensus estimate of $331.98 million. Diamond Offshore Drilling had a return on equity of 2.96% and a net margin of 1.23%. The business’s revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 EPS. analysts expect that Diamond Offshore Drilling will post -0.28 EPS for the current fiscal year.

A number of equities analysts have recently issued reports on DO shares. Clarkson Capital lowered shares of Diamond Offshore Drilling from a “buy” rating to a “neutral” rating in a research report on Thursday, January 18th. ValuEngine raised Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Cowen set a $18.00 price target on Diamond Offshore Drilling and gave the stock a “hold” rating in a report on Thursday, January 11th. Piper Jaffray reaffirmed an “underweight” rating on shares of Diamond Offshore Drilling in a report on Thursday, January 11th. Finally, Barclays downgraded Diamond Offshore Drilling from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $19.92 to $13.00 in a report on Tuesday, January 23rd. Thirteen investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.18.

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Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles.

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