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.

Many analysts weighed in on price targets for DO. The most optimistic analyst gave a price target of 20, implying a possible profit of 69.35 percent. The most pessimistic price target was 9, which equates to a potential downside of -23.79 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 4.35 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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. Over the past month, 3 analysts increased their quarterly estimates, while 3 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's 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 lower than its 52-week 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 market cap of DO is $1.66 billion. DO's next earnings release will be on 0000-00-00, which is days away.