Today's Brokerage Rating: Brunswick Corporation (BC), Diamond Offshore Drilling, Inc. (DO)

Today's Brokerage Rating: Brunswick Corporation (BC), Diamond Offshore Drilling, Inc. (DO)

At the moment 32 analysts are watching Diamond Offshore Drilling, Inc. (NYSE:DO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. Livingston Group Asset Management CO operating as Southport Capital Management now owns 10,488 shares of the offshore drilling services provider's stock valued at $185,000 after buying an additional 300 shares in the last quarter. International Group Inc Inc stated it has 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). Northern Tru owns 0% invested in Diamond Offshore Drilling Inc (NYSE:DO) for 1.04 million shares. Earnings, adjusted to extinguish debt, were 25 cents per share. BlackRock Inc. now owns 9,209,573 shares of the offshore drilling services provider's stock valued at $99,741,000 after acquiring an additional 1,658,687 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Diamond Offshore Drilling during the 1st quarter valued at about $170,000.

Shares of Diamond Offshore were up 5.5 percent at $16.68 in late morning trading. The Manufacturers Life Insurance Company grew its stake in Diamond Offshore Drilling by 54.6% in the 2nd quarter. About 3.22 million shares traded or 19.26% up from the average.


Offshore projects take years to develop and are much more capital intensive than shale fracking.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. Majedie Asset Management Limited holds 1.19% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 1.16M shares.

A number of other brokerages have also recently weighed in on DO. Jefferies Group reiterated a hold rating and set a $17.00 price target on shares of Diamond Offshore Drilling in a research report on Saturday, October 15th. The firm presently has a "hold" rating on the offshore drilling services provider's stock.

Shares of Diamond Offshore Drilling (DO) opened at 15.81 on Wednesday. HSBC Holdings plc began coverage on shares of Diamond Offshore Drilling in a research report on Thursday, October 19th.

Analysts await Diamond Offshore Drilling Inc (NYSE:DO) to report earnings on October, 30. The correct version of this news story can be viewed at (NASDAQ:ODP) traded down -0.27% in the last session while performance was up 3.72% in the last five days. The company has a market cap of $2.17 billion, a P/E ratio of 12.85 and a beta of 1.19. Diamond Offshore: "A New Oil & Gas Pair Trade" on October 12, 2017. The firm has a 50-day moving average price of $14.45 and a 200-day moving average price of $12.86.

Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, July 31st. The offshore drilling services provider reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.24 by $0.21. Diamond Offshore Drilling had a return on equity of 5.77% and a net margin of 11.19%. During the same period in the previous year, the business earned $0.16 EPS. Equities research analysts predict that Diamond Offshore Drilling will post $0.98 EPS for the current year.

A wave of consolidation in the struggling offshore drilling industry has helped increase activity on rigs, while driving a slow recovery in prices. The Company has a fleet of approximately 30 offshore drilling rigs, such as semisubmersibles, jack-ups and dynamically positioned (DP) drillships.



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