A report released today by Vetr Inc. about Diamond Offshore Drilling Inc (NYSE:DO) bumps the target price to $18.75
- Updated: October 9, 2016
Indicating a possible upside of 0.10%, Vetr Inc. increased the target price of Diamond Offshore Drilling Inc (NYSE:DO) to $18.75
Just yesterday Diamond Offshore Drilling Inc (NYSE:DO) traded 1.91% higher at $17.08. DO’s 50-day average is $16.94 and its 200-day moving average is $21.77. With the last stock close price down -21.53% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was up over the average, with 3,732,041 shares of DO changing hands over the typical 3,512,440
With a total market value of $0, Diamond Offshore Drilling Inc has with a one year low of $14.18 and a one year high of $26.72 .
In addition to Vetr Inc. reporting its stock price target, a total of 28 equity analysts have released a ratings update on Diamond Offshore Drilling Inc. The 12-month price target is $20.61 with zero analysts rating the company a strong buy, 2 brokers rating the stock a buy, 21 firms rating the stock a hold, 6 firms rating the stock a underperform, and lastly five equity analysts rating the company a sell.
Brief Synopsis About Diamond Offshore Drilling Inc (NYSE:DO)
Diamond Offshore Drilling, Inc. is engaged in offshore drilling and providing contract drilling services to the energy industry. The Company has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships. Its fleet offers a range of services around the world in the floater market (ultra-deepwater, deepwater and mid-water). Its Jack-up rigs are mobile, self-elevating drilling platforms equipped with legs that are lowered to the ocean floor. Its jack-ups are used for drilling in water depths from 20 feet to 350 feet. All of its 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. Its drillships and semisubmersible rigs include Ocean Greatwhite, Ocean Valor, Ocean Courage, Ocean BlackHornet, Ocean BlackRhino and others. It provides offshore drilling services to oils and gas companies and government-owned oil companies.
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