Diamond Offshore Drilling (DO) Getting Somewhat Positive Media Coverage, Study Shows
Media headlines about Diamond Offshore Drilling (NYSE:DO) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Diamond Offshore Drilling earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the offshore drilling services provider an impact score of 46.1633366631683 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news stories that may have effected Accern’s analysis:
- Diamond Offshore’s Returns: Fifth among Offshore Drilling Stocks (finance.yahoo.com)
- Diamond Offshore Drilling (DO) Names Scott Kornblau as CFO (streetinsider.com)
- Diamond Offshore Appoints Scott Kornblau as Senior Vice President and Chief Financial Officer (finance.yahoo.com)
- US Natural Gas Rigs Increased ~3% in the Last Six Months (finance.yahoo.com)
- Undertaking Stocks: Altaba Inc. (NASDAQ:AABA), Diamond Offshore Drilling, Inc. (NYSE:DO), CymaBay Therapeutics … (journalfinance.net)
Shares of Diamond Offshore Drilling traded down $0.35, hitting $19.59, during trading on Thursday, MarketBeat.com reports. 48,378 shares of the company’s stock traded hands, compared to its average volume of 1,597,925. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.51 and a quick ratio of 4.51. Diamond Offshore Drilling has a 1 year low of $10.09 and a 1 year high of $21.92. The stock has a market capitalization of $2.74 billion, a PE ratio of 23.93 and a beta of 1.16.
DO has been the subject of a number of recent analyst reports. Cowen restated a “hold” rating and set a $13.00 target price on shares of Diamond Offshore Drilling in a report on Thursday, March 15th. Credit Suisse Group restated an “underperform” rating on shares of Diamond Offshore Drilling in a report on Friday, April 13th. Susquehanna Bancshares set a $16.00 target price on Diamond Offshore Drilling and gave the company a “hold” rating in a report on Friday, April 13th. Bank of America decreased their target price on Diamond Offshore Drilling from $15.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, April 18th. Finally, TheStreet upgraded Diamond Offshore Drilling from a “d” rating to a “c-” rating in a report on Monday, April 30th. Twelve equities research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Diamond Offshore Drilling currently has a consensus rating of “Hold” and a consensus target price of $14.25.
In related news, insider Marc Gerard Rex Edwards sold 78,265 shares of the stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $19.95, for a total transaction of $1,561,386.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.
About Diamond Offshore Drilling
Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles.
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