Diamond Offshore Drilling Inc (NYSE:DO) – Equities research analysts at B. Riley boosted their Q3 2018 earnings per share (EPS) estimates for Diamond Offshore Drilling in a report issued on Tuesday. B. Riley analyst T. Curran now forecasts that the offshore drilling services provider will post earnings of $0.04 per share for the quarter, up from their prior forecast of $0.03. B. Riley currently has a “Hold” rating and a $13.00 target price on the stock. B. Riley also issued estimates for Diamond Offshore Drilling’s Q1 2019 earnings at $0.02 EPS, Q2 2019 earnings at $0.01 EPS and FY2019 earnings at $0.05 EPS.

DO has been the topic of a number of other reports. Jefferies Group reissued a “neutral” rating on shares of Diamond Offshore Drilling in a research report on Tuesday, October 31st. Cowen set a $18.00 target price on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a report on Thursday, January 11th. began coverage on shares of Diamond Offshore Drilling in a report on Thursday, October 19th. They set a “hold” rating and a $15.80 target price on the stock. Barclays restated a “neutral” rating on shares of Diamond Offshore Drilling in a report on Sunday, November 5th. Finally, Clarkson Capital cut shares of Diamond Offshore Drilling from a “buy” rating to a “neutral” rating in a report on Thursday, January 18th. Twelve research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.59.

Diamond Offshore Drilling (NYSE:DO) opened at $14.00 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 3.58 and a debt-to-equity ratio of 0.52. The stock has a market cap of $1,930.00, a price-to-earnings ratio of 108.38 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.

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, beating the Zacks’ consensus estimate of ($0.06) by $0.01. The business had revenue of $346.20 million for the quarter, compared to the consensus estimate of $331.98 million. Diamond Offshore Drilling had a net margin of 1.23% and a return on equity of 2.96%. The company’s quarterly revenue was down 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.27 EPS.

A number of institutional investors have recently made changes to their positions in the stock. Tocqueville Asset Management L.P. bought a new position in Diamond Offshore Drilling in the 4th quarter worth about $245,000. Investors Research Corp bought a new position in Diamond Offshore Drilling in the 4th quarter worth about $209,000. Allianz Asset Management GmbH boosted its stake in Diamond Offshore Drilling by 3.3% in the 4th quarter. Allianz Asset Management GmbH now owns 187,903 shares of the offshore drilling services provider’s stock worth $3,493,000 after purchasing an additional 5,990 shares in the last quarter. Itau Unibanco Holding S.A. bought a new position in Diamond Offshore Drilling in the 4th quarter worth about $171,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Diamond Offshore Drilling by 8.2% in the 4th quarter. UBS Asset Management Americas Inc. now owns 81,589 shares of the offshore drilling services provider’s stock worth $1,517,000 after purchasing an additional 6,196 shares in the last quarter.

In related news, Director Charles Fabrikant sold 1,500 shares of the company’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $18.55, for a total value of $27,825.00. Following the transaction, the director now owns 1,000 shares in the company, valued at approximately $18,550. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.03% of the company’s stock.

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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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