Diamond Offshore Drilling (NYSE:DO) has climbed 1.77% in the past week and advanced 2.36% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 2.99% and the outperformance has advanced to 1.42% for the last 4 weeks period.
Diamond Offshore Drilling (NYSE:DO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.17 and $24.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.94. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.75, notching a gain of 3.82% for the day. The total traded volume was 1,752,226 . The stock had closed at $23.84 on the previous day.
The company shares have dropped -8.44% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $27.97 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.43 and the 200 Day Moving Average price is recorded at $21.55.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Diamond Offshore Drilling Inc, Grebow Edward, had purchased 3,000 shares in a transaction dated on August 7, 2015. The transaction was executed at $21.99 per share with total amount equaling $65,970.
Many analysts have stated their opinion on the company shares. Bank of America reinstates its rating on Diamond Offshore Drilling (NYSE:DO). Analysts at the Bank of America have a current rating of Buy on the shares. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 0.04% of Diamond Offshore Drilling shares according to the proxy statements. Institutional Investors own 99.35% of Diamond Offshore Drilling shares.
Diamond Offshore Drilling, Inc. is a company engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of 38 offshore drilling rigs, including 27 semisubmersibles, six jack-ups and five drillships. The Companys diverse fleet enables the Company to offer a range of services around the world in both the floater market (ultra-deepwater, deepwater and mid-water) and the non-floater, or jack-up, market. The Companys floater fleet (semisubmersibles and drillships) is of three types: ultra-deepwater, deepwater, and mid-water. Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. The Companys jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of the Companys jack-up rigs are equipped with a cantilever system that enables the rig to extend its drilling package over the aft end of the rig.