Diamond Offshore Drilling (DO) Investors: Jefferies Keeps “Hold” Rating, Sees $12.0/Share; Kennedy Capital Management Decreased Pacwest Bancorp (PACW) Stake By $11.41 Million




August 26, 2017 – By Marguerite Chambers




Among 29 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 5 have Buy rating, 5 Sell and 19 Hold. Therefore 17% are positive. Diamond Offshore Drilling Inc. has $26 highest and $1000 lowest target. $18.37’s average target is 61.42% above currents $11.38 stock price. Diamond Offshore Drilling Inc. had 58 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, November 3 report. Citigroup initiated Diamond Offshore Drilling Inc (NYSE:DO) rating on Tuesday, October 20. Citigroup has “Sell” rating and $14 target. The firm has “Sector Perform” rating given on Friday, August 12 by RBC Capital Markets. Jefferies maintained it with “Hold” rating and $17 target in Wednesday, September 28 report. Citigroup upgraded Diamond Offshore Drilling Inc (NYSE:DO) on Friday, January 29 to “Neutral” rating. The firm has “Sell” rating given on Tuesday, July 11 by BMO Capital Markets. On Friday, March 24 the stock rating was initiated by Tudor Pickering with “Hold”. Seaport Global upgraded the shares of DO in report on Monday, March 14 to “Accumulate” rating. Jefferies maintained Diamond Offshore Drilling Inc (NYSE:DO) on Wednesday, August 5 with “Hold” rating. The company was upgraded on Monday, September 19 by Zephrin Group.

Kennedy Capital Management Inc decreased Pacwest Bancorp (PACW) stake by 24.21% reported in 2016Q4 SEC filing. Kennedy Capital Management Inc sold 211,298 shares as Pacwest Bancorp (PACW)’s stock declined 15.26%. The Kennedy Capital Management Inc holds 661,443 shares with $36.01 million value, down from 872,741 last quarter. Pacwest Bancorp now has $5.50 billion valuation. The stock increased 0.13% or $0.06 on August 25, reaching $45.79. About 447,094 shares traded. PacWest Bancorp (NASDAQ:PACW) has risen 18.91% since August 26, 2016 and is uptrending. It has outperformed by 2.21% the S&P500.

Since May 22, 2017, it had 1 insider purchase, and 0 selling transactions for $54,660 activity. 4,000 Diamond Offshore Drilling Inc (NYSE:DO) shares with value of $54,660 were bought by Gaffney Paul G.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. The company has market cap of $1.60 billion. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. It has a 9.21 P/E ratio. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig.

Investors sentiment decreased to 0.71 in Q4 2016. Its down 0.42, from 1.13 in 2016Q3. It fall, as 64 investors sold Diamond Offshore Drilling Inc shares while 90 reduced holdings. 42 funds opened positions while 68 raised stakes. 142.56 million shares or 4.41% less from 149.14 million shares in 2016Q3 were reported. The California-based Blackrock Fund Advisors has invested 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). D E Shaw And Inc holds 0.03% or 1.14M shares in its portfolio. Fincl Architects Incorporated reported 5,500 shares. Creative Planning owns 357 shares. Great West Life Assurance Can stated it has 1.05 million shares. Strategic Global Advisors Limited Liability Corp holds 51,068 shares. Macquarie owns 42,600 shares. 18,072 were reported by Princeton Alpha Mngmt Ltd Partnership. Acadian Asset Management Limited Liability Corporation owns 357 shares. Mitsubishi Ufj Secs Holdings Commerce Limited accumulated 510 shares. Fruth Investment Mgmt accumulated 0.1% or 12,816 shares. Liberty Mutual Gru Asset holds 0.02% or 27,689 shares in its portfolio. 40,132 were accumulated by Tiedemann Wealth Management Limited Liability. Proshare Advisors Lc invested in 0% or 11,977 shares. Thrivent For Lutherans stated it has 106,110 shares or 0.01% of all its holdings.

The stock increased 2.25% or $0.25 on August 25, reaching $11.38. About 2.48M shares traded. Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since August 26, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.

Among 13 analysts covering Pacwest Bancorp (NASDAQ:PACW), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Pacwest Bancorp had 21 analyst reports since October 13, 2015 according to SRatingsIntel. Piper Jaffray initiated the stock with “Overweight” rating in Tuesday, October 13 report. The stock of PacWest Bancorp (NASDAQ:PACW) earned “Buy” rating by FBR Capital on Wednesday, July 19. The rating was upgraded by Raymond James on Thursday, April 6 to “Strong Buy”. BMO Capital Markets maintained the shares of PACW in report on Friday, July 7 with “Hold” rating. The firm has “Mkt Outperform” rating given on Friday, September 16 by JMP Securities. The firm has “Outperform” rating given on Monday, December 21 by Wells Fargo. The rating was maintained by Wood on Thursday, March 24 with “Outperform”. The firm has “Sector Perform” rating given on Monday, October 19 by RBC Capital Markets. The firm earned “Market Perform” rating on Thursday, January 14 by BMO Capital Markets. The rating was maintained by BMO Capital Markets on Tuesday, July 18 with “Hold”.

Investors sentiment decreased to 1.03 in Q4 2016. Its down 0.24, from 1.27 in 2016Q3. It fall, as 26 investors sold PACW shares while 114 reduced holdings. 52 funds opened positions while 92 raised stakes. 105.44 million shares or 0.65% less from 106.13 million shares in 2016Q3 were reported. Moody Bankshares Division holds 0.02% or 7,350 shares in its portfolio. Morgan Stanley has 0.01% invested in PacWest Bancorp (NASDAQ:PACW) for 349,860 shares. Credit Suisse Ag invested in 324,344 shares. California Public Employees Retirement Systems owns 220,861 shares for 0.02% of their portfolio. Voya Invest Ltd Com, a Georgia-based fund reported 214,735 shares. Norinchukin Bankshares The has invested 0.01% in PacWest Bancorp (NASDAQ:PACW). Lazard Asset Management Llc reported 0.12% stake. Blackrock Advsr has 71,684 shares. West Oak Cap Ltd Liability Corp, California-based fund reported 1,335 shares. Los Angeles Cap Mngmt And Equity Research holds 32,600 shares. Palouse Mngmt stated it has 0.1% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Guggenheim Cap Ltd Liability Corp invested 0.04% of its portfolio in PacWest Bancorp (NASDAQ:PACW). Commonwealth Equity Ser has invested 0% in PacWest Bancorp (NASDAQ:PACW). Etrade Capital Management Limited Liability Com owns 10,714 shares. The Wisconsin-based Convergence Investment Ptnrs Limited Liability Corporation has invested 0.13% in PacWest Bancorp (NASDAQ:PACW).

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By Marguerite Chambers

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