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Zacks Investment Research upgraded Diamond Offshore Drilling Inc (NYSE:DO) to Hold in a report released today.

Zacks Investment Research has upgraded Diamond Offshore Drilling Inc (NYSE:DO) to Hold in a report released on Thursday October 13, 2016.

Previously on 10/10/2016, Vetr Inc. reported on Diamond Offshore Drilling Inc (NYSE:DO) increased the target price from $0.00 to $18.75. At the time, this indicated a possible upside of 0.10%.

Just yesterday Diamond Offshore Drilling Inc (NYSE:DO) traded -1.89% lower at $17.44. Diamond Offshore Drilling Inc’s 50-day moving average is $16.77 and its 200-day moving average is $21.66. The last closing price is down -21.02% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,961,889 shares of DO traded hands, down from an average trading volume of 3,578,640

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.

In addition to Zacks Investment Research 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.

Brief Synopsis On 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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