Diamond Offshore Drilling Inc (DO) Shares Sold by Kennedy Capital Management Inc.

Kennedy Capital Management Inc. decreased its position in Diamond Offshore Drilling Inc (NYSE:DO) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 78,515 shares of the offshore drilling services provider’s stock after selling 9,117 shares during the period. Kennedy Capital Management Inc. owned about 0.06% of Diamond Offshore Drilling worth $1,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Contrarius Investment Management Ltd boosted its position in Diamond Offshore Drilling by 13.7% in the 3rd quarter. Contrarius Investment Management Ltd now owns 7,512,035 shares of the offshore drilling services provider’s stock valued at $108,925,000 after buying an additional 905,595 shares during the last quarter. Commonwealth Bank of Australia boosted its position in Diamond Offshore Drilling by 6.0% in the 3rd quarter. Commonwealth Bank of Australia now owns 185,541 shares of the offshore drilling services provider’s stock valued at $2,687,000 after buying an additional 10,500 shares during the last quarter. Point72 Asset Management L.P. boosted its position in Diamond Offshore Drilling by 959.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 625,300 shares of the offshore drilling services provider’s stock valued at $9,067,000 after buying an additional 566,300 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Diamond Offshore Drilling in the 3rd quarter valued at $2,745,000. Finally, Teacher Retirement System of Texas bought a new position in Diamond Offshore Drilling in the 4th quarter valued at $427,000.

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Shares of NYSE:DO opened at $15.79 on Friday. Diamond Offshore Drilling Inc has a 12-month low of $10.06 and a 12-month high of $20.41. The company has a market cap of $2,070.77, a PE ratio of 19.26 and a beta of 1.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.97 and a quick ratio of 3.97.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings results on Monday, February 12th. The offshore drilling services provider reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Diamond Offshore Drilling had a net margin of 1.23% and a return on equity of 2.96%. The company had revenue of $346.20 million during the quarter, compared to the consensus estimate of $331.98 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was down 11.7% on a year-over-year basis. sell-side analysts predict that Diamond Offshore Drilling Inc will post -0.28 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on the company. Cowen reaffirmed a “hold” rating and set a $13.00 price objective on shares of Diamond Offshore Drilling in a research note on Thursday, March 15th. Citigroup set a $12.00 price target on Diamond Offshore Drilling and gave the company a “sell” rating in a research note on Tuesday, February 13th. B. Riley set a $13.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Tuesday, February 13th. Piper Jaffray set a $9.00 price target on Diamond Offshore Drilling and gave the company a “sell” rating in a research note on Monday, February 12th. Finally, Susquehanna Bancshares set a $15.00 price target on Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Tuesday, February 13th. Twelve investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $13.96.

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Diamond Offshore Drilling Company Profile

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig. Its fleet enables it to offer a range of services, primarily in the floater market, including ultra-deepwater, deepwater and mid-water.

Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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