Diamond Offshore Drilling, Inc. (NYSE:DO) stock is presently standing at about $15.17 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 28 analysts covering the company is $18.00, which suggests the stock could still rise over 16 percent. The highest analyst price target is $22.00, which implies a rally of 55 percent. And a quick view of analyst notes show that 3 are rating the stock a buy while 1 rate DO a strong buy. There are 20 equity research firms advocating a Hold and 3 consider it Sell.
Barclays analysts provided their view on Diamond Offshore Drilling, Inc. (NYSE:DO) recently. The rating firm issued a Equal Weight rating to this company in a research note released on Jan 09, 2017. RBC Capital Mkts analysts disclosed their opinion on Diamond Offshore Drilling, Inc. (NYSE:DO) recently. The rating firm gave a Underperform rating to this stock in a research note published on Dec 16, 2016. According to a research note disclosed on Oct 31, 2016, analysts at CapitalOne have upped their rating on these shares from Underweight to Equal Weight.
Diamond Offshore Drilling, Inc. (NYSE:DO) Transactions Roundup
Several insiders were part of recent insider activity for the stock. Its Director Gaffney Paul G sold 4,000 company shares for 62000, in a transaction on 2016-11-08. Following the transaction, the Director is left with a stake of 1,000 shares, currently valued at $15170. Meanwhile, Director GREBOW EDWARD purchased 3,000 shares worth $65970, through a transaction dated 2015-08-07. Following the completion of the transaction, the insider is left with a stake of 7,000 shares, amounting $106190. DO 10% Owner LOEWS CORP also purchased 230,673 shares, at a stock price of $20.89. This transaction occurred on 2015-08-06 totals $4818760. After this transaction, the insider’s stake stands at 73,119,047 shares, with a market value of $1109215943.
Executives hold 0.03 percent of the stock. Marc Gerard Rex Edwards is one of the biggest insider owners in Diamond Offshore Drilling, Inc. (NYSE:DO), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 32,718 shares which have current market value of around $496332.06.Mr. Edward Grebow is another major inside shareholder in the company. The insider owns 7,000 shares as of less than 0.1%, currently worth $106190. Mr. Lawrence R. Dickerson is ranked as third insider holder of the stock. This insider holds 5,000 shares with a market value around $75850 as of recent close.
Diamond Offshore Drilling, Inc. (NYSE:DO) Earnings Outlook
In Diamond Offshore Drilling, Inc. (NYSE:DO)’s latest quarter, EPS moved to $0.27 from $0.10 in preceding quarter and revenues reached at $391.87M compared to $349.18M. Analysts had expected Diamond Offshore Drilling, Inc. (NYSE:DO) to post net income of about $0.13 per share on $358.29M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-0.05 to $0.48. That is compared with the $0.64 in EPS it reported during the same period a year ago.