Diamond Offshore Drilling (DO) Scheduled to Post Earnings on Monday

Diamond Offshore Drilling (NYSE:DO) will release its earnings data before the market opens on Monday, August 5th. Analysts expect Diamond Offshore Drilling to post earnings of ($0.88) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Shares of NYSE DO opened at $7.41 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.68 and a current ratio of 2.68. Diamond Offshore Drilling has a 52-week low of $7.12 and a 52-week high of $20.85. The company has a 50 day simple moving average of $8.40. The firm has a market cap of $1.24 billion, a PE ratio of -6.33 and a beta of 1.69.

Several brokerages have issued reports on DO. SEB Equities upgraded shares of Diamond Offshore Drilling from a “sell” rating to a “hold” rating and decreased their price target for the company from $10.00 to $7.70 in a research report on Tuesday, June 18th. Piper Jaffray Companies set a $8.00 price target on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research report on Thursday, July 11th. Susquehanna Bancshares set a $9.00 price objective on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Friday, July 19th. Tudor Pickering raised shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a research note on Thursday, June 13th. Finally, Bank of America began coverage on shares of Diamond Offshore Drilling in a research note on Monday, June 10th. They issued an “underperform” rating and a $5.00 price objective on the stock. Six analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Diamond Offshore Drilling has an average rating of “Hold” and an average target price of $12.12.

About Diamond Offshore Drilling

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. The company operates a fleet of 17 offshore drilling rigs, including 4 drillships and 13 semisubmersible rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

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Earnings History for Diamond Offshore Drilling (NYSE:DO)

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