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.

Diamond Offshore Drilling (NYSE:DO) last posted its earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Diamond Offshore Drilling had a return on equity of 2.96% and a net margin of 1.23%. The company had revenue of $346.20 million for the quarter, compared to analyst estimates of $331.98 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. equities research analysts expect that Diamond Offshore Drilling will post -0.08 EPS for the current fiscal year.

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.

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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.

Analyst Recommendations for Diamond Offshore Drilling (NYSE:DO)

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