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Goldman Sachs downgraded Diamond Offshore Drilling Inc. (NYSE:DO) from Neutral to Sell in a report released today.

Yesterday Diamond Offshore Drilling Inc. (NYSE:DO) traded -3.70% lower at $15.26. DO’s 50-day average is $18.03 and its two hundred day average is $22.17. With the last stock price close down -29.50% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same time. 3,775,275 shares of the stock were exchanged, up from an average trading volume of 2,863,450

Goldman Sachs has downgraded Diamond Offshore Drilling Inc. (NYSE:DO) from Neutral to Sell in a report released on Wednesday September 21, 2016.

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Diamond Offshore Drilling Inc. (NYSE:DO)

Diamond Offshore Drilling Inc. has a with a one year low of $14.18 and a one year high of $26.72 The company’s market cap is currently $0.

In addition to Goldman Sachs reporting its stock price target, a total of 28 brokers have issued a research note on the company. The average stock price target 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 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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