Brokerage Firm Rating on Diamond Offshore Drilling (DO)

Diamond Offshore Drilling (DO) has an average broker rating of 3.36, which is interpreted as a Hold, as rated by 16 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 4 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

Diamond Offshore Drilling (DO) stock is expected to deviate a maximum of $5.3 from the average target price of $21.27 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $33 and the most muted being $15.


Company shares have received an average consensus rating of Hold for the current week Diamond Offshore Drilling (NYSE:DO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $20.73 and $20.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $20.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $20.75, notching a gain of 0.58% for the day. The total traded volume was 2,288,196 . The stock had closed at $20.63 on the previous day.

In a related news, 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.

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.

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