Diamond Offshore Drilling Inc (NYSE:DO) has been downgraded to Neutral in a statement by Seaport Global Securities today.
- Updated: October 7, 2016
Having a price of $16.76, Diamond Offshore Drilling Inc (NYSE:DO) traded 1.67% higher on the day. With the last stock price 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
Seaport Global Securities has downgraded Diamond Offshore Drilling Inc (NYSE:DO) to Neutral in a report released on Friday October 07, 2016.
On 10/05/2016, Vetr Inc. released a statement about Diamond Offshore Drilling Inc (NYSE:DO) raised the target price from $0.00 to $19.33 that suggested an upside of 0.15%.
Recent Performance Chart
Diamond Offshore Drilling Inc has with a one year low of $14.18 and a one year high of $26.72 and has a market capitalization of $0.
A total of 28 analysts have released a report on the stock. 0 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 21 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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