Diamond Offshore Drilling (DO) to Release Quarterly Earnings on Monday

Diamond Offshore Drilling (NYSE:DO) is scheduled to post its quarterly earnings results before the market opens on Monday, November 5th. Analysts expect Diamond Offshore Drilling to post earnings of ($0.38) per share for the quarter.

Shares of NYSE:DO opened at $14.21 on Friday. The company has a quick ratio of 4.23, a current ratio of 4.23 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 17.33 and a beta of 1.11. Diamond Offshore Drilling has a one year low of $13.59 and a one year high of $21.92.

Several analysts have recently weighed in on DO shares. UBS Group upgraded shares of Diamond Offshore Drilling from a “reduce” rating to an “accumulate” rating in a research report on Thursday, October 18th. HSBC upgraded shares of Diamond Offshore Drilling from a “hold” rating to a “buy” rating and raised their price objective for the company from $18.80 to $20.80 in a research report on Friday, September 21st. ValuEngine cut shares of Diamond Offshore Drilling from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 27th. Credit Suisse Group raised their price objective on shares of Diamond Offshore Drilling from $14.00 to $15.00 and gave the company an “underperform” rating in a research report on Tuesday, July 31st. Finally, Royal Bank of Canada upgraded shares of Diamond Offshore Drilling from a “sector perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Thursday, September 20th. Eleven research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $16.61.

About Diamond Offshore Drilling

Diamond Offshore Drilling, Inc provides contract drilling services to the energy industry worldwide. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. The company operates a fleet of 17 offshore drilling rigs, which comprises 4 drillships, 7 ultra-deepwater, 4 deepwater, and 2 mid-water semisubmersibles.

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Earnings History for Diamond Offshore Drilling (NYSE:DO)

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