Diamond Offshore Drilling Inc. (NYSE:DO) has been upgraded from Hold to Buy in a statement by Zephrin Group earlier today.
- Updated: September 19, 2016
Zephrin Group has upgraded Diamond Offshore Drilling Inc.(NYSE:DO) from Hold to Buy in a statement released on 9/19/2016.
Yesterday Diamond Offshore Drilling Inc. (NYSE:DO) traded 0.00% even at $15.32. Diamond Offshore Drilling Inc.’s 50-day moving average is $19.45 and its two hundred day moving average is $22.55. With the last close down 32.06% from the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Volume of trade was down over the average, with 3,822 shares of DO changing hands under the typical 2,532,310 shares..
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With a total market value of $0.0, Diamond Offshore Drilling Inc. has a one-year low of $14.18 and a 52 week high of $26.72 with a PE ratio of 0.
In addition to Zephrin Group reporting it’s stock price target, a total of 28 equity analysts have released a ratings update on Diamond Offshore Drilling Inc.. The consensus target price is $20.61 with 0 rating the company a strong buy, two firms rating the stock a buy, 21 firms rating the stock a hold, six analysts rating the stock to underperform, and finally five firmsrating the stock as sell.
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, and Ocean BlackRhino and others. It provides offshore drilling services to oils and gas companies and government-owned oil companies.
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