Research analysts at Susquehanna lifted their target price on shares of Diamond Offshore Drilling (NYSE:DO) from $75.00 to $76.00 in a report released on Wednesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price objective suggests a potential upside of 6.94% from the stock’s previous close.
A number of other analysts have also recently weighed in on DO. Analysts at Barclays Capital raised their price target on shares of Diamond Offshore Drilling from $82.00 to $85.00 in a research note to investors on Wednesday. They now have an “underweight” rating on the stock. Separately, analysts at BMO Capital Markets upgraded shares of Diamond Offshore Drilling from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, July 11th. They now have a $70.00 price target on the stock, up previously from $58.00. Finally, analysts at JP Morgan Cazenove cut their price target on shares of Diamond Offshore Drilling from $82.00 to $79.00 in a research note to investors on Tuesday, June 25th. They now have an “overweight” rating on the stock.
Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the stock. Diamond Offshore Drilling presently has an average rating of “Hold” and an average price target of $75.33.
Shares of Diamond Offshore Drilling (NYSE: DO) traded up 1.42% during mid-day trading on Wednesday, hitting $72.08. Diamond Offshore Drilling has a one year low of $63.45 and a one year high of $76.85. The stock’s 50-day moving average is currently $68.82. The company has a market cap of $10.022 billion and a P/E ratio of 13.89.
Diamond Offshore Drilling (NYSE:DO) last released its earnings data on Thursday, April 25th. The company reported $1.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.16 by $0.11. The company had revenue of $730.00 million for the quarter, compared to the consensus estimate of $712.66 million. During the same quarter last year, the company posted $1.33 earnings per share. Diamond Offshore Drilling’s revenue was down 5.1% compared to the same quarter last year. On average, analysts predict that Diamond Offshore Drilling will post $4.64 earnings per share for the current fiscal year.
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.