CLSA upgraded Diamond Offshore (NYSE:DO) from Sell to Underperform in a report released today.
- Updated: October 17, 2016
Yesterday Diamond Offshore (NYSE:DO) traded 1.05% higher at $17.16. The company’s 50-day moving average is $16.67 and its 200-day moving average is $21.59. The last closing price is down -19.70% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 670,936 shares of the stock were exchanged, down from an average trading volume of 3,552,490
CLSA has upgraded Diamond Offshore (NYSE:DO) from Sell to Underperform in a report released on 10/17/2016.
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Diamond Offshore 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 CLSA 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 (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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