Diamond Offshore Drilling, Inc. (NYSE:DO) Under Analyst Spotlight

Diamond Offshore

Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since October 18, 2016 and is downtrending. It has underperformed by 59.72% the S&P500. The stock now has Weekly Volatility of 3.49% and Monthly Volatility of 3.73%. The firm has a market capitalization of $2.08 billion, a PE ratio of 12.329 and a beta of 1.18. During the same quarter in the prior year, the company earned $0.16 EPS. Commercial Bank Of New York Mellon Corporation invested in 0.01% or 1.69 million shares. The stock declined 0.24% or $0.22 reaching $92.55 on the news. It is down 0.00% since October 19, 2016 and is. It has underperformed by 9.16% the S&P500.

Cowen and Company set a $11.00 price target on Diamond Offshore Drilling, Inc.

10/10/2017 - Diamond Offshore Drilling, Inc. was upgraded to "neutral" by analysts at FBR Capital Markets. They are a leading deepwater drilling contractor and owns and operates one of the largest fleets of offshore drilling units in the world. Wall Street is only getting more bearish on the stock, with 5 of analysts who cover DO having a buy-equivalent rating. Therefore 19% are positive. Diamond Offshore Drilling Inc. had 69 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned "Hold" rating on Wednesday, September 28 by Jefferies. The firm earned "Buy" rating on Tuesday, May 31 by KLR Group. The $14.77 level represents at least another 3.21% downside for the stock from its current price. The firm has "Equal Weight" rating by Barclays Capital given on Monday, January 9. The stock has "Buy" rating by Bank of America on Monday, June 13. The company was maintained on Wednesday, August 5 by Cowen & Co. Jefferies has "Hold" rating and $1400 target. Goldman Sachs downgraded Diamond Offshore Drilling Inc (NYSE:DO) on Wednesday, September 21 to "Sell" rating.

Loews Corp holds 5.12% of its portfolio in Diamond Offshore Drilling Inc for 73.12 million shares.

The counter witnessed a trading volume of 0.39 million shares versus an average volume of 0.88 million shares during last trading session. DO's profit will be $31.63M for 16.28 P/E if the $0.23 EPS becomes a reality.

The stock of Diamond Offshore Drilling Inc (NYSE:DO) is a huge mover today!

Since May 22, 2017, it had 1 insider purchase, and 0 insider sales for $54,660 activity. Contrarius Investment Management Ltd owns 6.61 million shares or 4.79% of their USA portfolio.

At least 1 injured in lakeside hotel fire in Myanmar's Yangon
Smoke was still rising from the remains of the lakeside hotel hours after daybreak and dozens of firefighters were at the site. The incident happened at 3 am in the Kandawgyi Palace Hotel, a popular destination among tourists and high-profile travellers.

Trump to nominate DC antitrust attorney to lead FTC
The FTC works with the Justice Department to enforce antitrust law and pursues companies accused of deceptive advertising. Bush Administration, will serve a full seven year term if confirmed by the Senate.

Northcoast Research Downgrades Rating On SuperValu Inc. (SVU)
Absolute price performance isn't the only thing analysts consider when predicting future performance: volatility matters as well. Currently Supervalu Inc (NYSE: SVU)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 79.6%.

Bamco Inc decreased Copa Holdings Sa (CPA) stake by 2.69% reported in 2017Q2 SEC filing.

Investors sentiment increased to 1.17 in 2017 Q2. Its up 0.01, from 1.16 in 2017Q1. 39 funds opened positions while 78 raised stakes. It increased, as 46 investors sold Diamond Offshore Drilling Inc shares while 54 reduced holdings.

The share price of the company (NYSE:DO) was down -1.23%, with a high of 15.62 during the day and the volume of Diamond Offshore Drilling, Inc. shares traded was 2419305. Basswood Cap Mgmt Lc owns 8,417 shares or 0% of their USA portfolio. M&T Bancorporation accumulated 0% or 12,875 shares. 302.91 million shares or 0.78% less from 305.30 million shares in 2017Q1 were reported. Fjarde Ap reported 98,798 shares. Dimensional Fund Advsrs Limited Partnership, Texas-based fund reported 3.58M shares. Lafayette accumulated 71,644 shares or 0.29% of the stock. Keybank Association Oh reported 175,377 shares stake. Natl Insur Tx holds 0.37% or 192,515 shares in its portfolio.

The Shareholder Yield is a way that investors can see how much money shareholders are receiving from a company through a combination of dividends, share repurchases and debt reduction. Symons Capital invested in 50,425 shares.

Ratings analysis reveals 0 of Diamond Offshore's analysts are positive. Federated Pa, a Pennsylvania-based fund reported 89,308 shares. The target implies a 1.44% spike from where the shares are now trading. Another trade for 3,879 shares valued at $334,265 was sold by Skoufalos Ioannis.

Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period. Ten analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. Therefore 83% are positive. Proctor & Gamble had 64 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup has "Neutral" rating and $18 target. The stock of Invesco Ltd. (NYSE:IVZ) has "Neutral" rating given on Monday, October 2 by UBS. Credit Suisse downgraded the stock to "Outperform" rating in Thursday, July 30 report. (NYSE:DO) is 17.22%. This number is calculated by dividing a company's earnings before interest, taxes, depreciation and amortization by the company's enterprise value. The stock of Procter & Gamble Co (NYSE:PG) has "Equal Weight" rating given on Tuesday, September 1 by Morgan Stanley. Keefe Bruyette & Woods maintained it with "Buy" rating and $111.0 target in Tuesday, September 12 report. Bank of America has "Buy" rating and $100 target. (NYSE:DO) in a report issued on Wednesday. The stock has "Hold" rating by Tudor Pickering on Friday, March 24.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related:

  • Institutional Investors Are Betting On Platform Specialty Products Corp (NYSE:PAH)

    In other news, EVP John Edward Capps purchased 2,500 shares of the company's stock in a transaction dated Friday, August 25th. Moreover, Corecommodity Mngmt Limited Com has 0.08% invested in Reliance Steel & Aluminum Co (NYSE:RS) for 1,132 shares.
    Powerball winning numbers for 10/18/2017; jackpot $156 million

    Powerball winning numbers for 10/18/2017; jackpot $156 million

    While there was no grand prize victor , three tickets sold matched all five white numbers drawn to win $1 million. The player matched five out of five numbers, but not the Powerball , from the drawing on Wednesday, Oct. 18.
    Shares now up at $36.44 (STLD) Steel Dynamics Reports Third Quarter…

    Shares now up at $36.44 (STLD) Steel Dynamics Reports Third Quarter…

    Want to see what other hedge funds are holding STLD? The 6 month volatility is 28.074700, and the 3 month is spotted at 24.387500. On September 5 Bank of America made no change to the company rating of "Buy" and raised the price target from $42.00 to $44.00.
  • Tigers to hire Ron Gardenhire as manager

    Tigers to hire Ron Gardenhire as manager

    One reason they chose Gardenhire is because GM Al Avila reportedly wanted a manager with Major League Baseball experience. Last month, with less than two weeks remaining in the season, Ausmus was informed he would not return for 2018.

    USA Financial Portformulas Corp Takes Position in Citizens Financial Group, Inc. (CFG)

    Alliancebernstein Limited Partnership holds 0.03% of its portfolio in Citizens Financial Group Inc (NYSE:CFG) for 906,145 shares. The stock of Citizens Financial Group Inc (NYSE:CFG) has "Buy" rating given on Monday, August 10 by Bank of America.

    Kevin Hart to Use Cheating Scandal as Material in Upcoming Tour

    This interesting development brings back the memory of Kevin Hart's break up with first wife, Torrei Hart. Bloom said that Sabbag will continue working with police to find the people responsible.
  • Chris Paul Will Not Play vs. Kings After Injuring Knee Against Warriors

    Chris Paul Will Not Play vs. Kings After Injuring Knee Against Warriors

    The Rockets were down 114-107 after a three-pointer from Warriors guard Stephen Curry with 5min 12sec left in the fourth quarter. He is expected to make his season debut during the three-game trip that tips off Friday night at New Orleans.
    Quarterly EPS analysis of Ford Motor Company (NYSE:F)

    Quarterly EPS analysis of Ford Motor Company (NYSE:F)

    The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website . ILLEGAL ACTIVITY NOTICE: This news story was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.
    Patna: Denied ambulance by AIIMS, father carries daughter's body for 4 km

    Patna: Denied ambulance by AIIMS, father carries daughter's body for 4 km

    Rambalak and his wife had travelled about 140 km from Kajra village to reach the hospital for their daughter's treatment . The girl's condition deteriorated and died near the Outdoor Patient Department ( OPD ) counter.
  • South Park: The Fractured But Whole Review - 7 Ups & 3 Downs

    South Park: The Fractured But Whole Review - 7 Ups & 3 Downs

    Or at least won't pass up an opportunity to call you out on cheating in South Park: The Fractured But Whole . Once there, you need to speak to the woman behind the counter and purchase Ol' Gladiator Condoms for $0.20.

    Pioneer Natural Resources Company (PXD) Stock Rating Lowered by Wolfe Research

    RBC Capital Markets maintained Seagate Technology PLC (NASDAQ:STX) on Wednesday, August 31 with "Sector Perform" rating. For PXD, the company now has $560 Million of cash on the books, which is offset by $449 Million current liabilities.

    Hollis Sells 2000 Shares of Diamondback Energy, Inc. (FANG) Stock

    The stock of Canadian Pacific Railway Limited (USA) (NYSE:CP) has "Equal-Weight" rating given on Tuesday, March 15 by Stephens. It has underperformed by 9.16% the S&P500. (1) ( FANG ) by 132.37% based on its latest 2017Q2 regulatory filing with the SEC.

Comments

Latest news

FAI handed €825k for LOI youth football by UEFA
Dundalk are not the only Premier Division club not included as Champions League participants can not receive the funds. Around £111m will be made available from the proceeds of last season's Champions League and Europa League.

Man Dressed As Pikachu Arrested After Jumping White House Fence
Police investigated a backpack he dropped along the way and didn't find anything suspicious, and Combs was unarmed. The Secret Service has been dealing with an increased number of fence-jumpers at the White House in recent years.

Time Warner's (TWX) "Hold" Rating Reaffirmed at Royal Bank Of Canada
Geneva Advsr Llc stated it has 463,116 shares or 0.8% of all its holdings. (NYSE: TWX ), 12 have Buy rating, 0 Sell and 26 Hold. Wetherby Asset Mngmt has 14,104 shares for 0.24% of their portfolio. 170,000 were reported by Moore Mgmt Limited Partnership.

Catawba Capital Management VA Has $1.36 Million Stake in Comcast Corporation (CMCSA)
The value of the total investment in Comcast Corporation went from $861,000 to $922,000 a change of 7.1% since the last quarter. ValuEngine downgraded Comcast Corporation from a "buy" rating to a "hold" rating in a research report on Friday, September 1st.

(CLR) Shares now down at $37.31 Continental Resources Reports Sale Of 1…
Looking at some alternate time periods, the 12 month price index is 0.70583, the 24 month is 1.10492, and the 36 month is 0.68788. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital.

Q2 2018 EPS Estimates for Lam Research Corporation Boosted by Analyst (LRCX)
Lam Research Corporation's revenue for the quarter was up 51.8% on a year-over-year basis. (NYSE:PFE) for 6,177 shares. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

Achmea Investment Management BV Sells 30646 Shares of Valero Energy Corporation (VLO)
After $0.69 actual EPS reported by Valero Energy Partners LP for the previous quarter, Wall Street now forecasts 2.90% EPS growth. Moreover, Security National Bank & Trust Of Sioux City Iowa Ia has 1.76% invested in Microsoft Corporation (NASDAQ:MSFT).

Red Hat, Inc. (NYSE:RHT) Broker Price Targets For The Coming Week
After $-0.14 actual EPS reported by WPX Energy Inc for the previous quarter, Wall Street now forecasts 7.14% negative EPS growth. Gsa Capital Partners Llp increased Methode Electrs Inc (NYSE:MEI) stake by 18,836 shares to 26,640 valued at $1.10M in 2017Q2.

Katie Price reckons Chris Hughes' outburst had 'guilt written all over it'
But Stacey, 28, says she believes Katie is the injured party and wasn't about to allow the mistreatment of a fellow Loose Woman . According to The Sun , 39 year old Katie showed off the Snapchat screenshots during her book launch on Tuesday 17 October.

Fire, explosion destroys two Portland food carts
The video shows a small fire burning in a parking lot, when suddenly a massive explosion sends flames soaring into the air. Construction workers who were nearby said people tried to extinguish the fire but it spread too quickly.

Kimberly-Clark Corporation (KMB) Shares Bought by First Command Bank
Psagot Investment House Ltd increased Vanguard (Vcsh) (VCSH) stake by 40,011 shares to 159,771 valued at $12.79 million in 2017Q2. NY now owns 17,847 shares of the company's stock worth $2,304,000 after purchasing an additional 267 shares in the last quarter.

How Many Starbucks Corporation (NASDAQ:SBUX)'s Analysts Are Bullish?
Buckingham Research maintained Greenhill & Co., Inc. (NASDAQ:IPAS) on Wednesday, October 19 with "Buy" rating . Several other institutional investors and hedge funds also recently added to or reduced their stakes in SBUX.

Banco Santander, SA (SAN) PT Set at €6.80 by Morgan Stanley
Over a month, it has seen its stock price volatility to stay at 1.43% while shortening the period to a week, volatility was 1.39%. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (1).

Are Institutions Shifting Their Positions in Shell Midstream Partners, LP (NYSE:SHLX)?
Large investors have recently bought and sold shares of the business. 18 funds opened positions while 49 raised stakes. For the past 5 years, the company's revenue has grown 0%, while the company's earnings per share has grown 0%.

A Look at the Health of OIL AND NATURAL GAS CORPORATION LTD.
Looking at some alternate time periods, the 12 month price index is 1.18711, the 24 month is 1.39541, and the 36 month is 1.33156. It should be noted that a moderate but positive weighted alpha indicates additional price increase, though for not too long.

Other news