A statement released earlier today by Vetr Inc. about Diamond Offshore Drilling Inc (NYSE:DO) ups the target price to $19.33
- Updated: October 1, 2016
Boasting a price of $17.82, Diamond Offshore Drilling Inc (NYSE:DO) traded -1.18% lower on the day. With the last close down -19.93% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $17.41 and a 200-day moving average of $21.99. 26,040,633 shares of the stock were exchanged, up from an average trading volume of 3,396,190
Diamond Offshore Drilling Inc (NYSE:DO) had its target raised to $19.33 by Vetr Inc. in a report released 9/29/2016. The upped price target suggests a possible upside of 0.08% based on the company's previous stock price.
On Wednesday September 28, 2016, Jefferies & Co released a statement about Diamond Offshore Drilling Inc (NYSE:DO) dropped the target price from $22.00 to $17.00 that suggested an upside of 0.04%.
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Diamond Offshore Drilling Inc has a 52 week low of $14.18 and a 52 week high of $26.72 The company’s market cap is currently $0.
In addition to Vetr Inc. reporting its target price, a total of 28 brokers have issued a report on the stock. The consensus target price is $20.61 with 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 21 brokers rating the stock a hold, 6 brokers rating the stock a underperform, and finally 5 brokers rating the stock a sell.
General Information 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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