Diamond Offshore Drilling Inc. (NYSE:DO) has been downgraded from Accumulate to Neutral in a report by Seaport Global today.
- Updated: October 7, 2016
Seaport Global has downgraded Diamond Offshore Drilling Inc. (NYSE:DO) from Accumulate to Neutral in a statement released on 10/7/2016.
On 10/05/2016, Vetr Inc. released a statement on Diamond Offshore Drilling Inc. (NYSE:DO) bumped up the target price from $0.00 to $19.33 that suggested an upside of 0.15%.
Boasting a price of $17.17, Diamond Offshore Drilling Inc. (NYSE:DO) traded 1.67% higher on the day. With the last close down -21.88% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Diamond Offshore Drilling Inc. has recorded a 50-day average of $17.03 and a two hundred day average of $21.81. Volume of trade was down over the average, with 259,585 shares of DO changing hands under the typical 3,489,560
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 .
A total of 28 equity analysts have released a ratings update on DO. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, twenty-one equity analysts rating the company a hold, six equity analysts rating the company a underperform, and finally five equity analysts rating the company a sell with a one year target of $20.61.
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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