Diamond Offshore Drilling, Inc. (NYSE:DO) – Investment analysts at Capital One Financial Corporation boosted their FY2017 EPS estimates for shares of Diamond Offshore Drilling in a research note issued on Monday. Capital One Financial Corporation analyst J. Gibney now forecasts that the offshore drilling services provider will earn $1.04 per share for the year, up from their prior forecast of $1.03. Capital One Financial Corporation also issued estimates for Diamond Offshore Drilling’s Q2 2018 earnings at $0.04 EPS, Q3 2018 earnings at $0.05 EPS, Q4 2018 earnings at ($0.05) EPS and FY2018 earnings at $0.11 EPS.

A number of other equities analysts have also recently issued reports on DO. Jefferies Group LLC reiterated a “neutral” rating on shares of Diamond Offshore Drilling in a report on Tuesday. BidaskClub lowered Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Royal Bank Of Canada raised Diamond Offshore Drilling from an “underperform” rating to a “sector perform” rating and set a $15.00 price objective for the company in a report on Friday, August 25th. Piper Jaffray Companies reissued a “hold” rating and issued a $9.33 price objective on shares of Diamond Offshore Drilling in a report on Tuesday, September 19th. Finally, ValuEngine raised Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Nine equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. Diamond Offshore Drilling currently has a consensus rating of “Hold” and an average price target of $14.48.

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

Large investors have recently made changes to their positions in the stock. Hikari Power Ltd lifted its position in Diamond Offshore Drilling by 416.6% in the second quarter. Hikari Power Ltd now owns 567,700 shares of the offshore drilling services provider’s stock valued at $6,148,000 after purchasing an additional 457,800 shares during the period. BNP Paribas Arbitrage SA lifted its position in shares of Diamond Offshore Drilling by 522.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 119,776 shares of the offshore drilling services provider’s stock valued at $1,297,000 after acquiring an additional 100,521 shares during the period. First Trust Advisors LP lifted its position in shares of Diamond Offshore Drilling by 20.7% during the 2nd quarter. First Trust Advisors LP now owns 239,230 shares of the offshore drilling services provider’s stock valued at $2,591,000 after acquiring an additional 40,955 shares during the period. BlackRock Inc. lifted its position in shares of Diamond Offshore Drilling by 7,375.1% during the 1st quarter. BlackRock Inc. now owns 7,550,886 shares of the offshore drilling services provider’s stock valued at $126,177,000 after acquiring an additional 7,449,872 shares during the period. Finally, Wayne Hummer Investments L.L.C. acquired a new stake in shares of Diamond Offshore Drilling during the 2nd quarter valued at approximately $145,000.

Diamond Offshore Drilling Company Profile

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.

Earnings History and Estimates for Diamond Offshore Drilling (NYSE:DO)

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