Diamond Offshore is engaged in the business of operating drilling rigs. They now have a United States dollars 34 price target on the stock. Diamond Offshore Drilling’s revenue was down 38.7% compared to the same quarter a year ago. They now have a United States dollars 33 price target on the stock. Finally, KLR Group raised Diamond Offshore Drilling from an “accumulate” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Tuesday, May 31st. They now have a United States dollars 17 price target on the stock.
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05/03/2016 – Diamond Offshore Drilling, Inc. had its “neutral” rating reiterated by analysts at Simmons. They now have a United States dollars 19.25 price target on the stock. Diamond Offshore made the decision at a time when offshore drilling is in the doldrums due to high costs and low crude oil prices, which keep the market under pressure and force companies to reduce costs. They now have a Dollars 16 price target on the stock.
03/28/2016 – Diamond Offshore Drilling, Inc. had its “neutral” rating reiterated by analysts at UBS. They now have a Dollars 31 price target on the stock.
03/16/2016 – Diamond Offshore Drilling, Inc. had its “neutral” rating reiterated by analysts at Citigroup.
03/11/2016 – Diamond Offshore Drilling, Inc. was upgraded to “neutral” by analysts at Goldman Sachs.
02/09/2016 – Diamond Offshore Drilling, Inc. had its “neutral” rating reiterated by analysts at Jefferies. They now have a United States dollars 27 price target on the stock. Swiss National Bank increased its position in shares of Diamond Offshore Drilling Inc.
Loews Corporation opened for trading at $41.08 and hit $41.43 on the upside on Friday, eventually ending the session at $41.33, with a gain of 0.34% or 0.14 points. The company’s 50-day moving average price is $24.13 and its 200 day moving average price is $22.37.
As of current trade, Diamond Offshore Drilling Inc (NYSE:DO) has shown weekly downbeat performance of -8.90%.
Analysts had expected Diamond Offshore Drilling Inc (NYSE:DO) to report earnings of about $0.27 per share on $412.05M in revenue.
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While oil-service giants Schlumberger Ltd. and Halliburton Co. called the bottom of the market when they reportred earnings last month, the same can’t be said for owners of the rigs that can drill in water more than two miles deep, said Edwards, a former Halliburton executive. All of the Companys 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.
