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Jefferies & Co announced Diamond Offshore Drilling Inc. (NYSE:DO), dropping its stock price target to $17.00 today

Just yesterday Diamond Offshore Drilling Inc. (NYSE:DO) traded 0.87% higher at $16.27. Diamond Offshore Drilling Inc.’s 50-day moving average is $17.70 and its 200-day moving average is $22.09. The last closing price is down -26.89% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,158,617 shares of DO traded hands, down from an average trading volume of 2,886,880

In a report released on Wednesday September 28, 2016 Jefferies & Co reduced the stock price target of Diamond Offshore Drilling Inc. (NYSE:DO) from $22.00 to $17.00 reporting a possible upside of 0.04%.

Recent Performance Chart

Diamond Offshore Drilling Inc. (NYSE:DO)

Diamond Offshore Drilling Inc. has 52 week low of $14.18 and a 52 week high of $26.72 and has a market capitalization of $0.

A total of 28 brokerages have issued a ratings update on Diamond Offshore Drilling Inc.. zero brokerages rating the company a strong buy, two brokerages rating the company a buy, twenty-one brokerages rating the company a hold, six brokerages rating the company a underperform, and finally five brokerages rating the company a sell with a 12-month price target of $20.61.

General Company Details For 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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