Diamond Offshore Drilling (NYSE:DO)‘s stock had its “buy” rating restated by investment analysts at Wunderlich in a note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a $90.00 price target on the stock. Wunderlich’s price objective would indicate a potential upside of 43.75% from the stock’s previous close.
Shares of Diamond Offshore Drilling (NYSE:DO) opened at 62.61 on Monday. Diamond Offshore Drilling has a 1-year low of $62.54 and a 1-year high of $76.85. The stock’s 50-day moving average is $65.6 and its 200-day moving average is $68.18. The company has a market cap of $8.705 billion and a P/E ratio of 12.52.
Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings results on Thursday, July 25th. The company reported $1.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.24 by $0.09. The company had revenue of $758.00 billion for the quarter, compared to the consensus estimate of $767.42 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Diamond Offshore Drilling will post $4.87 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Susquehanna cut their price target on shares of Diamond Offshore Drilling (NYSE:DO) from $73.00 to $69.00 in a research note to investors on Sunday. They now have a “neutral” rating on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Diamond Offshore Drilling (NYSE:DO) from $69.00 to $66.00 in a research note to investors on Sunday. They now have a “market perform” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Diamond Offshore Drilling (NYSE:DO) from $75.00 to $68.00 in a research note to investors on Friday. They now have a “sector perform” rating on the stock.
Two investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and six have assigned a buy rating to the stock. Diamond Offshore Drilling has an average rating of “Hold” and a consensus price target of $73.96.
Diamond Offshore Drilling, Inc is a global offshore oil and gas drilling contractor. The Company has a fleet of 44 offshore drilling rigs, consisting of 32 semisubmersibles, seven jack-ups and five dynamically positioned drillships, four of which are under construction.