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.

A number of analysts gave price targets for DO. The most optimistic price target 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. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates upwards for this quarter, by about 4.35 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -17.14 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.26 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -5.26 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 3 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.

DO has traded between a high of 23.10 and a low of 10.06 over the past year. Currently the stock is 17.4 percent higher than its low, and below the high by 48.87 percent. DO has a price/earnings 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 market cap of DO is $1.66 billion. DO will post this quarters earnings in days, on 0000-00-00.