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.

Several price targets were given for DO by the analysts covering the stock. The highest price target was 20, implying a possible profit of 69.35 percent. The most pessimistic analyst gave a price target of 9, implying a possible loss of -23.79 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.26 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -5.26 percent in FY estimates.

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 revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.

DO has a 52-week high of 23.10 and a 52-week 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 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 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.