Diamond Offshore Drilling, Inc. (NYSE:DO) registered a -6.54% decrease, still its new closing price is 10.16% up from the company’s 1 year high of 26.72.It posted -7.71% losses in previous 5 sessions and is now the subject of 20 analysts who together assign a hold rating on stock. 8 of Wall Street analysts have an underperform rating; the 3 sells versus 1 buy or better ratings. The 35 stock analysts following this company have an average price target at $17.56, with individual PT in the $11.00-$23.00 range. The shares moved at $16.16, implying that brokerage firms see shares losing about -13.07% in twelve months time.
Diamond Offshore Drilling, Inc. (DO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -8.70% fall year to date. A Director at Diamond Offshore Drilling, Inc. (DO) offloaded shares in a transaction closed on Tuesday November 08, 2016. Gaffney Paul G sold 4,000 shares in the company at $15.5 each and collected $62,000 in proceeds. Gaffney Paul G now owns 1,000 shares in the company after this transaction. A Director in the company, GREBOW EDWARD, disclosed a transaction on Friday August 07, 2015 that ended up paying $65,001 from the purchase of 3,000 shares at $21.99 per share.
Diamond Offshore Drilling, Inc. (NYSE:DO) Upcoming Results on Tap
Diamond Offshore Drilling, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.22 in that period. Sales during the quarter are predicted to arrive at $396.78 million.
Earnings surprise history: Last quarter, the company posted approximately $349.18 million in revenue and EPS of $0.10. The mean forecast was for $362.58 million and $0.08 a share, respectively. One quarter earlier, revenue for the stock was at $388.75 million, with earnings at $0.16/share.
Diamond Offshore Drilling, Inc. (DO) Brokerage Update
Diamond Offshore Drilling, Inc. (DO) is in Barclays’s research list so their analyst rating change is noteworthy. These shares were upgraded to Equal Weight from Underweight by Barclays, according to news reported on Monday January 09, 2017.Another important research note was issued by RBC Capital Mkts on Friday December 16, 2016.The firm downgraded DO to Underperform from Sector Perform. Over the last six months and over the last three months, the shares of Diamond Offshore Drilling, Inc. (DO), have changed -28.87% and -6.91%, respectively.