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Diamond Offshore Drilling Inc (NYSE:DO) has been downgraded to Sell in a report by Seaport Global Securities earlier today.

Seaport Global Securities has downgraded Diamond Offshore Drilling Inc (NYSE:DO) to Sell in a statement released on 6/21/2017.

Boasting a price of $11.02, Diamond Offshore Drilling Inc (NYSE:DO) traded -0.82% lower on the day. With the last stock price close down 0.86% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Diamond Offshore Drilling Inc has recorded a 50-day average of $11.85 and a two hundred day average of $13.13. Volume of trade was up over the average, with 3,830,356 shares of DO changing hands over the typical 3,038,440

Performance Chart

Diamond Offshore Drilling Inc (NYSE:DO)

With a total market value of $0, Diamond Offshore Drilling Inc has price-earnings ratio of 10.76 with a one year low of $10.06 and a one year high of $22.65 .

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. 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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