Media headlines about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the offshore drilling services provider an impact score of 46.5823785405972 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of Diamond Offshore Drilling (NYSE:DO) traded down $0.27 during trading hours on Thursday, hitting $14.91. 1,574,508 shares of the stock were exchanged, compared to its average volume of 1,764,065. Diamond Offshore Drilling has a 52 week low of $10.06 and a 52 week high of $20.41. The firm has a market capitalization of $2,040.00, a price-to-earnings ratio of 106.50 and a beta of 1.25. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 0.52.

Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Diamond Offshore Drilling had a net margin of 1.23% and a return on equity of 2.96%. The business had revenue of $346.20 million during the quarter, compared to the consensus estimate of $331.98 million. During the same quarter last year, the firm earned $0.27 earnings per share. Diamond Offshore Drilling’s quarterly revenue was down 11.7% on a year-over-year basis. research analysts anticipate that Diamond Offshore Drilling will post -0.3 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on DO shares. Royal Bank of Canada set a $19.00 target price on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note on Thursday, December 21st. UBS Group lowered shares of Diamond Offshore Drilling to an “underperform” rating in a research note on Friday, February 9th. Susquehanna Bancshares set a $17.00 target price on shares of Diamond Offshore Drilling and gave the stock a “hold” rating in a research note on Friday, January 12th. SEB Equity Research lowered shares of Diamond Offshore Drilling from a “market perform” rating to an “underperform” rating in a research note on Friday, February 9th. Finally, Clarkson Capital downgraded shares of Diamond Offshore Drilling from a “buy” rating to a “neutral” rating in a research note on Thursday, January 18th. Twelve investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $14.23.

In related news, Director Charles Fabrikant sold 1,500 shares of Diamond Offshore Drilling stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $18.55, for a total transaction of $27,825.00. Following the completion of the transaction, the director now owns 1,000 shares of the company’s stock, valued at $18,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by company insiders.

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Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

Insider Buying and Selling by Quarter for Diamond Offshore Drilling (NYSE:DO)

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