Somewhat Favorable News Coverage Somewhat Unlikely to Affect Diamond Offshore Drilling (DO) Share Price
Media headlines about Diamond Offshore Drilling (NYSE:DO) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive 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 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 gave media stories about the offshore drilling services provider an impact score of 46.0964026958103 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- Diamond Offshore Drilling (DO) Given a $18.00 Price Target at Cowen (americanbankingnews.com)
- Diamond Offshore Drilling (DO) Given a $17.00 Price Target at Susquehanna Bancshares (americanbankingnews.com)
- Jefferies, Citigroup Revised Their Offshore Stock Recommendations (finance.yahoo.com)
- The Rally In Offshore Drillers Is Just Getting Started – Seeking Alpha (seekingalpha.com)
- Bollinger Band Analysis Review of Diamond Offshore Drilling, Inc. (NYSE:DO) – The Oracle Examiner (oracleexaminer.com)
Diamond Offshore Drilling (NYSE:DO) opened at $20.13 on Monday. Diamond Offshore Drilling has a 12 month low of $10.06 and a 12 month high of $20.41. The stock has a market capitalization of $2,762.40, a PE ratio of 16.50 and a beta of 1.29. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 0.52.
DO has been the topic of a number of recent research reports. UBS Group raised Diamond Offshore Drilling from a “neutral” rating to a “buy” rating and raised their price objective for the company from $12.00 to $15.00 in a research report on Monday, September 25th. ValuEngine raised Diamond Offshore Drilling from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Susquehanna Bancshares set a $17.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Friday. Jefferies Group set a $15.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Monday, October 30th. Finally, Citigroup cut Diamond Offshore Drilling from a “neutral” rating to a “sell” rating and set a $12.00 price target for the company. in a research note on Thursday, October 12th. Ten equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Diamond Offshore Drilling presently has a consensus rating of “Hold” and an average price target of $15.01.
In other news, Director Charles Fabrikant sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 28th. The stock was 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 directly owns 1,000 shares in the company, valued at $18,550. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.03% of the company’s stock.
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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