Analyst Ratings for Diamond Offshore Drilling Inc. (DO)

Updated: 2017-07-26

Analysts covering Diamond Offshore Drilling Inc. (NYSE:DO) have given it a consensus rating of Hold. About 30 days ago, DO was issued an average rating of Hold.

A buy rating was issued by 2 analysts, 1 gave an overweight rating, 22 issued a hold rating, 0 issued an underweight rating, and 6 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has decreased by 1.

DO was given price targets by several analysts. The maximum price target given was 20, which equates to a potential upside of 69.35 percent. The lowest price target was 9, implying a possible loss of -23.79 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 4.35 percent. The average change in earnings estimates over the last 90 days is -17.14 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.26 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.26 percent.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 3 analysts that decreased their estimates. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

In the last 52-weeks, DO has achieved a high of 23.10 and a low of 10.06. Currently the stock is 17.4 percent higher than its low, and 48.87 percent below the high. DO has a P/E ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The DO value stock report compares DO to some of its peers using value stock charts. The stock has a market capitalization of $1.66 billion. DO is estimated to release their earnings results for the quarter on 0000-00-00, days from today.