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Citigroup downgraded Diamond Offshore (NYSE:DO) from Neutral to Sell in a report released today.

Yesterday Diamond Offshore (NYSE:DO) traded -3.60% lower at $15.00. The company’s 50-day moving average is $13.31 and its 200-day moving average is $12.91. The last stock close price is up 11.97% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 836,209 shares of the stock were exchanged, down from an average trading volume of 2,816,240

Citigroup has downgraded Diamond Offshore (NYSE:DO) from Neutral to Sell in a report released on 10/12/2017.

Previously on 10/10/2017, Deutsche Bank reported about Diamond Offshore (NYSE:DO) raised the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.01%.

See Chart Below

Diamond Offshore (NYSE:DO)

Diamond Offshore has a 52 week low of $10.06 and a 52 week high of $22.65 with a P/E ratio of 11.76 The company’s market cap is currently $0.

In addition to Citigroup reporting its target price, a total of 28 firms have reported on the stock. The consensus target price is $20.61 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 21 firms rating the stock a hold, 6 firms rating the stock a underperform, and finally 5 firms rating the stock a sell.

About Diamond Offshore (NYSE:DO)

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water. The principal markets for its offshore contract drilling services are the Gulf of Mexico, including the United States and Mexico; South America, principally offshore Brazil, and Trinidad and Tobago; Australia and Southeast Asia, including Malaysia, Indonesia and Vietnam; Europe, principally offshore the United Kingdom and Norway; East and West Africa; the Mediterranean, and the Middle East. The Company provides offshore drilling services to a customer base that includes independent oil and gas companies, and government-owned oil companies.

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