Goldman Sachs Group Inc. downgraded Diamond Offshore Drilling Inc (NYSE:DO) to Sell in a report released today.
- Updated: September 25, 2016
Boasting a price of $15.30, Diamond Offshore Drilling Inc (NYSE:DO) traded -3.70% lower on the day. With the last close down -29.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $18.03 and a two hundred day average of $22.17. Volume of trade was up over the average, with 3,775,275 shares of DO changing hands over the typical 2,863,450
Goldman Sachs Group Inc. has downgraded Diamond Offshore Drilling Inc (NYSE:DO) to Sell in a statement released on Wednesday September 21, 2016.
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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