Diamond Offshore Drilling (DO) Given a $17.00 Price Target by Royal Bank of Canada Analysts
Royal Bank of Canada set a $17.00 price target on Diamond Offshore Drilling (NYSE:DO) in a research report report published on Monday. The firm currently has a hold rating on the offshore drilling services provider’s stock.
DO has been the topic of several other research reports. Jefferies Group reiterated a neutral rating on shares of Diamond Offshore Drilling in a research note 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 note on Thursday, January 11th. assumed coverage on Diamond Offshore Drilling in a research note on Thursday, October 19th. They set a hold rating and a $15.80 price target on the stock. Barclays restated a neutral rating on shares of Diamond Offshore Drilling in a research note on Sunday, November 5th. Finally, B. Riley set a $13.00 price target on Diamond Offshore Drilling and gave the stock a hold rating in a research note on Tuesday. Twelve research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $14.59.
Diamond Offshore Drilling (NYSE DO) opened at $14.21 on Monday. Diamond Offshore Drilling has a 52 week low of $10.06 and a 52 week high of $20.41. The company has a quick ratio of 3.58, a current ratio of 3.58 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1,950.00, a PE ratio of 109.31 and a beta of 1.13.
In related news, Director Charles Fabrikant sold 1,500 shares of Diamond Offshore Drilling stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $18.55, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.03% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in DO. Victory Capital Management Inc. acquired a new stake in shares of Diamond Offshore Drilling during the third quarter worth about $126,000. M&T Bank Corp acquired a new stake in shares of Diamond Offshore Drilling during the second quarter worth about $139,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Diamond Offshore Drilling by 331.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,641 shares of the offshore drilling services provider’s stock worth $142,000 after purchasing an additional 5,872 shares during the period. Intl Fcstone Inc. acquired a new stake in shares of Diamond Offshore Drilling during the second quarter worth about $169,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Diamond Offshore Drilling during the fourth quarter worth about $171,000.
WARNING: “Diamond Offshore Drilling (DO) Given a $17.00 Price Target by Royal Bank of Canada Analysts” was first posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this news story can be read at https://theolympiareport.com/2018/02/15/diamond-offshore-drilling-do-given-a-17-00-price-target-by-royal-bank-of-canada-analysts.html.
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.
Receive News & Ratings for Diamond Offshore Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diamond Offshore Drilling and related companies with MarketBeat.com's FREE daily email newsletter.