Published: Sat, January 06, 2018
Sport | By Cameron Gross

Diamond Offshore Drilling (DO) Upgraded at ValuEngine


It has a 13.51 P/E ratio. This segment also provides IoT services that support devices used in fleet management and telematics, energy, agricultural technology, and smart community markets; and wireless devices, such as smartphones and basic phones, tablets, and other Internet access devices. (NYSE:DO). Hikari Tsushin has invested 0.42% in Diamond Offshore Drilling, Inc. (NYSE:DO), 6 have Buy rating, 7 Sell and 20 Hold. Therefore 18% are positive. Diamond Offshore Drilling Inc. had 76 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of E*TRADE Financial Corporation (NASDAQ:ETFC) earned "Hold" rating by Jefferies on Monday, August 28. The firm has "Neutral" rating given on Thursday, August 25 by Citigroup. As per Monday, October 31, the company rating was upgraded by CapitalOne. Howard Weil initiated the stock with "Sector Perform" rating in Wednesday, September 14 report. (NYSE:DO) on Tuesday, October 20 with "Sell" rating. UBS maintained it with "Buy" rating and $19 target in Friday, November 3 report. (NYSE:DO). Millennium Mgmt Ltd Llc invested 0.02% of its portfolio in Diamond Offshore Drilling, Inc. Analysts rating the company a 4 or 5 indicate a Sell recommendation.

Investors sentiment increased to 1.29 in Q3 2017.

EPS Estimate for the next year is 0.15. 2017, Diamond Offshore Drilling, Inc.

A number of other hedge funds have also added to or reduced their stakes in DO. Royal Bank of Canada set a $15.00 price target on shares of Diamond Offshore Drilling and gave the company a hold rating in a research report on Saturday, October 7th. 143,208 are owned by National Bank Of Montreal Can. Hsbc Holdg Pcl reported 386,848 shares. Old Mutual Global Investors (Uk) Ltd accumulated 209 shares. Return on Equity (ROE) stands at 4.4% and Return on Investment (ROI) of -4.5 percent. Victory Capital Management Inc. bought a new position in Diamond Offshore Drilling during the 3rd quarter worth $126,000. (NYSE:DO) or 7.51 million shares. (NYSE:DO). Credit Suisse Ag holds 0% in Diamond Offshore Drilling, Inc. Manchester Capital Mgmt Limited Com invested 0.01% of its portfolio in Kellogg Company (NYSE:K). Hartford Mngmt holds 0.05% or 60,044 shares. 113,002 were reported by Alliancebernstein Lp. There were 41 sold out positions, amounting to 2.44 million shares. Blackrock invested in 0.01% or 8.90M shares. Diamond Offshore Drilling presently has a consensus rating of Hold and an average target price of $14.53.

Many analysts have provided their estimated foresights on Diamond Offshore Drilling, Inc. The stock has a market cap of $2,551.06, a price-to-earnings ratio of 15.83 and a beta of 1.29. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs.

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Analysts await Diamond Offshore Drilling, Inc.

According to Diamond Offshore Drilling, Inc.'s latest 13F filing with the US Securities and Exchange Commission (SEC), institutional ownership is at 114.00%. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.17, while the High earnings estimate is $0.23.Comparatively, EPS for the same quarter past year was $-0.04. DO's profit will be $4.12M for 160.50 P/E if the $0.03 EPS becomes a reality. Net earnings for the quarter were posted at $0.25 per share, whereas Wall Street had forecast $0.20 per share. (NYSE:VZ) to report earnings on January, 23. The company's revenue was up 4.8% on a year-over-year basis.

Ratings analysis reveals 44% of Verizon's analysts are positive.

Recently, the stock has been noted -6.20% away from it's 52- week high and 69.24% separated from its 52 week low. (DO) analysts on average have given a price target of $13.83 on DO stock. The firm has "Hold" rating by Jefferies given on Wednesday, August 5. The stock of Diamond Offshore Drilling, Inc. The firm earned "Market Perform" rating on Monday, January 23 by Wells Fargo. The stock has "Underperform" rating by RBC Capital Markets on Friday, December 16. The rating was upgraded by Zephrin Group on Monday, September 19 to "Buy". The company was maintained on Friday, August 12 by RBC Capital Markets. A low price-to-sales ratio, typically less than 1.0, is considered a good value. The Advisors Asset Management Inc holds 3,201 shares with $200,000 value, down from 11,756 last quarter. Delta Asset Management Ltd Tn holds 36 shares or 0% of its portfolio. Raymond James Trust N.A. acquired a new position in shares of Diamond Offshore Drilling during the 2nd quarter worth $118,000. On these bases, analysts would recommend this stock as an "Active Spinning Stocks".

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