Will Today’s RBC Capital Markets Upgrade Ultimately Help The Stock Price of Diamond Offshore Drilling Inc (NYSE:DO)?



August 25, 2017 – By Nellie Frank

Investors sentiment decreased to 0.71 in Q4 2016. Its down 0.42, from 1.13 in 2016Q3. It is negative, 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.

Fruth owns 12,816 shares. State Of Wisconsin Inv Board holds 0% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 34,711 shares. Quantitative Investment Limited Liability Company holds 116,700 shares. Ny State Common Retirement Fund stated it has 142,538 shares. Canada Pension Plan Board has invested 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). Hikari has invested 0.28% in Diamond Offshore Drilling Inc (NYSE:DO). Utah Retirement reported 11,590 shares stake. Rampart Inv Management Ltd accumulated 31,023 shares. Retirement Of Alabama holds 0.01% or 83,253 shares in its portfolio. Moreover, Metropolitan Life has 0.01% invested in Diamond Offshore Drilling Inc (NYSE:DO). Arizona State Retirement Systems holds 0.01% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 28,800 shares. 609,049 are owned by Northern Tru Corp. Quantbot Technology Limited Partnership has 0.09% invested in Diamond Offshore Drilling Inc (NYSE:DO) for 43,795 shares. 963,703 were accumulated by Majedie Asset. Ahl Prtnrs Llp stated it has 37,479 shares.

Since May 22, 2017, it had 1 buy, and 0 selling transactions for $54,660 activity.

Diamond Offshore Drilling Inc (NYSE:DO) Stock Upgrade

In a report issued to clients earlier today, RBC Capital Markets boosted Diamond Offshore Drilling Inc (NYSE:DO) shares to a solid “Sector Perform” rating from their previous “Underperform” rating and they currently have a $15.00 price target on shares. RBC Capital Markets’s price target means a possible upside of 30.55 % over the last stock close price of the stock.

Investors sentiment decreased to 0.71 in Q4 2016. Its down 0.42, from 1.13 in 2016Q3. It is negative, 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.

Fruth owns 12,816 shares. State Of Wisconsin Inv Board holds 0% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 34,711 shares. Quantitative Investment Limited Liability Company holds 116,700 shares. Ny State Common Retirement Fund stated it has 142,538 shares. Canada Pension Plan Board has invested 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). Hikari has invested 0.28% in Diamond Offshore Drilling Inc (NYSE:DO). Utah Retirement reported 11,590 shares stake. Rampart Inv Management Ltd accumulated 31,023 shares. Retirement Of Alabama holds 0.01% or 83,253 shares in its portfolio. Moreover, Metropolitan Life has 0.01% invested in Diamond Offshore Drilling Inc (NYSE:DO). Arizona State Retirement Systems holds 0.01% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 28,800 shares. 609,049 are owned by Northern Tru Corp. Quantbot Technology Limited Partnership has 0.09% invested in Diamond Offshore Drilling Inc (NYSE:DO) for 43,795 shares. 963,703 were accumulated by Majedie Asset. Ahl Prtnrs Llp stated it has 37,479 shares.

Since May 22, 2017, it had 1 buy, and 0 selling transactions for $54,660 activity.

Diamond Offshore Drilling Inc (NYSE:DO) Ratings Coverage

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 61.28% above currents $11.39 stock price. Diamond Offshore Drilling Inc. had 58 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Friday, August 25 by RBC Capital Markets. The stock of Diamond Offshore Drilling Inc (NYSE:DO) has “Underperform” rating given on Friday, December 16 by RBC Capital Markets. On Friday, August 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Hold” rating given on Friday, June 30 by Jefferies. The stock of Diamond Offshore Drilling Inc (NYSE:DO) has “Sector Weight” rating given on Friday, October 9 by KeyBanc Capital Markets. The firm has “Market Perform” rating given on Wednesday, August 5 by Cowen & Co. The stock of Diamond Offshore Drilling Inc (NYSE:DO) earned “Neutral” rating by Citigroup on Friday, September 2. The firm earned “Hold” rating on Wednesday, August 5 by Jefferies. The stock of Diamond Offshore Drilling Inc (NYSE:DO) has “Sector Perform” rating given on Tuesday, August 4 by Howard Weil. The firm has “Accumulate” rating by KLR Group given on Monday, December 14.

About 1.56 million shares traded. Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since August 25, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. The company has market cap of $1.56 billion. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. It has a 9.22 P/E ratio. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig.

More important recent Diamond Offshore Drilling Inc (NYSE:DO) news were published by: Seekingalpha.com which released: “Diamond Offshore Drilling: Merger? Not Now” on August 02, 2017, also Prnewswire.com published article titled: “Diamond Offshore Announces Closing of Senior Notes Offering”, Nasdaq.com published: “The Zacks Analyst Blog Highlights: Halliburton, Schlumberger, Weatherford …” on August 16, 2017. More interesting news about Diamond Offshore Drilling Inc (NYSE:DO) was released by: Seekingalpha.com and their article: “Diamond Offshore Drilling (DO) Q2 2017 Results – Earnings Call Transcript” with publication date: July 31, 2017.

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