UBS Group downgraded shares of Diamond Offshore Drilling (NYSE:DO) to an underperform rating in a report released on Friday, The Fly reports.

DO has been the subject of several other reports. Jefferies Group reaffirmed a neutral rating on shares of Diamond Offshore Drilling in a report on Tuesday, October 31st. Cowen set a $18.00 price target on Diamond Offshore Drilling and gave the stock a hold rating in a research report on Thursday, January 11th. assumed coverage on Diamond Offshore Drilling in a research report on Thursday, October 19th. They set a hold rating and a $15.80 price target for the company. Barclays reissued a neutral rating on shares of Diamond Offshore Drilling in a research report on Sunday, November 5th. Finally, B. Riley reissued a neutral rating on shares of Diamond Offshore Drilling in a research report on Wednesday, November 1st. Twelve equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $14.92.

Diamond Offshore Drilling (DO) opened at $15.14 on Friday. The stock has a market capitalization of $2,043.32, a price-to-earnings ratio of 12.41 and a beta of 1.13. Diamond Offshore Drilling has a 1-year low of $10.06 and a 1-year high of $20.41. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.52.

Diamond Offshore Drilling (NYSE:DO) last issued its quarterly earnings data 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 firm had revenue of $346.20 million during the quarter, compared to analysts’ expectations of $331.98 million. Diamond Offshore Drilling had a return on equity of 6.23% and a net margin of 10.86%. Diamond Offshore Drilling’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 earnings per share. analysts predict that Diamond Offshore Drilling will post 0.86 EPS for the current year.

In other news, Director Charles Fabrikant sold 1,500 shares of Diamond Offshore Drilling stock in a transaction on Thursday, 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 sale, the director now owns 1,000 shares of the company’s stock, valued at $18,550. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in DO. Schwab Charles Investment Management Inc. grew its position in shares of Diamond Offshore Drilling by 28.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 448,736 shares of the offshore drilling services provider’s stock valued at $4,860,000 after purchasing an additional 98,561 shares during the period. Alliancebernstein L.P. grew its position in shares of Diamond Offshore Drilling by 218.7% in the second quarter. Alliancebernstein L.P. now owns 142,593 shares of the offshore drilling services provider’s stock valued at $1,544,000 after purchasing an additional 97,852 shares during the period. Ameriprise Financial Inc. grew its position in shares of Diamond Offshore Drilling by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 228,192 shares of the offshore drilling services provider’s stock valued at $2,472,000 after purchasing an additional 30,808 shares during the period. Nationwide Fund Advisors grew its position in shares of Diamond Offshore Drilling by 29.6% in the second quarter. Nationwide Fund Advisors now owns 153,192 shares of the offshore drilling services provider’s stock valued at $1,659,000 after purchasing an additional 34,991 shares during the period. Finally, BlackRock Inc. grew its position in shares of Diamond Offshore Drilling by 22.0% in the second quarter. BlackRock Inc. now owns 9,209,573 shares of the offshore drilling services provider’s stock valued at $99,741,000 after purchasing an additional 1,658,687 shares during the period.

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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.

The Fly

Analyst Recommendations for Diamond Offshore Drilling (NYSE:DO)

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