Will the Latest Merrill Lynch Downgrade Damage Diamond Offshore Drilling (NYSE:DO) Shares This Week?

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December 10, 2017 – By reb123z







  Will the Recent Merrill Lynch Downgrade Hurt Diamond Offshore Drilling (NYSE:DO) Shares This Week?

Buyers sentiment elevated to 1.17 in 2017 Q2. Its up zero.01, from 1.16 in 2017Q1. It’s constructive, as 46 buyers offered Diamond Offshore Drilling, Inc. shares whereas 54 lowered holdings. 39 funds opened positions whereas 78 raised stakes. 143.22 million shares or 1.03% much less from 144.72 million shares in 2017Q1 have been reported.

Sg Americas Ltd Legal responsibility holds zero.01% or 135,642 shares. Barnett & collected 100 shares or zero% of the inventory. Deutsche Bankshares Ag holds 353,580 shares. Cipher Cap L P has 40,893 shares. Fifth Third Nationwide Financial institution holds zero% or 1,500 shares in its portfolio. Macquarie Group Ltd owns 42,600 shares or zero% of their US portfolio. Jefferies Grp Lc reported zero.02% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). State Road invested in zero% or three.02 million shares. Invesco Ltd has 247,209 shares. Hikari Pwr Restricted reported zero.83% stake. Alliancebernstein L P acknowledged it has zero% in Diamond Offshore Drilling, Inc. (NYSE:DO). First Republic Make investments Mgmt holds zero% in Diamond Offshore Drilling, Inc. (NYSE:DO) or 40,983 shares. Tci Wealth Advisors has zero% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Lafayette Investments has invested zero.29% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Furthermore, Stephens Ar has zero.04% invested in Diamond Offshore Drilling, Inc. (NYSE:DO).

Diamond Offshore Drilling (NYSE:DO) Receives a Downgrade

In an analyst observe revealed to buyers moments in the past, Merrill Lynch minimize their ranking for shares of Diamond Offshore Drilling (NYSE:DO) to a “Promote”. Analysts at present have set a $14.zero PT on the inventory. Merrill Lynch’s PT suggests a doable draw back of -14.79 % from the present inventory value of the inventory.

Buyers sentiment elevated to 1.17 in 2017 Q2. Its up zero.01, from 1.16 in 2017Q1. It’s constructive, as 46 buyers offered Diamond Offshore Drilling, Inc. shares whereas 54 lowered holdings. 39 funds opened positions whereas 78 raised stakes. 143.22 million shares or 1.03% much less from 144.72 million shares in 2017Q1 have been reported.

Sg Americas Ltd Legal responsibility holds zero.01% or 135,642 shares. Barnett & collected 100 shares or zero% of the inventory. Deutsche Bankshares Ag holds 353,580 shares. Cipher Cap L P has 40,893 shares. Fifth Third Nationwide Financial institution holds zero% or 1,500 shares in its portfolio. Macquarie Group Ltd owns 42,600 shares or zero% of their US portfolio. Jefferies Grp Lc reported zero.02% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). State Road invested in zero% or three.02 million shares. Invesco Ltd has 247,209 shares. Hikari Pwr Restricted reported zero.83% stake. Alliancebernstein L P acknowledged it has zero% in Diamond Offshore Drilling, Inc. (NYSE:DO). First Republic Make investments Mgmt holds zero% in Diamond Offshore Drilling, Inc. (NYSE:DO) or 40,983 shares. Tci Wealth Advisors has zero% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Lafayette Investments has invested zero.29% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Furthermore, Stephens Ar has zero.04% invested in Diamond Offshore Drilling, Inc. (NYSE:DO).

Diamond Offshore Drilling, Inc. (NYSE:DO) Rankings Protection

Amongst 33 analysts overlaying Diamond Offshore Drilling Inc. (NYSE:DO), 6 have Purchase ranking, 7 Promote and 20 Maintain. Due to this fact 18% are constructive. Diamond Offshore Drilling Inc. has $26 highest and $9.33 lowest goal. $16.96’s common goal is three.23% above currents $16.43 inventory value. Diamond Offshore Drilling Inc. had 74 analyst experiences since August 5, 2015 based on SRatingsIntel. The agency has “Underperform” ranking given on Tuesday, November 1 by FBR Capital. Zephrin Group upgraded the shares of DO in report on Monday, September 19 to “Purchase” ranking. The inventory of Diamond Offshore Drilling, Inc. (NYSE:DO) has “Maintain” ranking given on Wednesday, October 18 by Cowen & Co. Cowen & Co maintained Diamond Offshore Drilling, Inc. (NYSE:DO) on Wednesday, August 5 with “Market Carry out” ranking. The agency has “Purchase” ranking by Evercore given on Tuesday, September 20. The inventory of Diamond Offshore Drilling, Inc. (NYSE:DO) has “Maintain” ranking given on Wednesday, August 5 by Jefferies. The inventory of Diamond Offshore Drilling, Inc. (NYSE:DO) has “Accumulate” ranking given on Monday, December 14 by KLR Group. The ranking was downgraded by Fearnleys to “Cut back” on Tuesday, October 31. The inventory of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Equal Weight” ranking by Barclays Capital on Monday, January 9. On Monday, October 30 the inventory ranking was maintained by Jefferies with “Maintain”.

The inventory elevated 1.55% or $zero.25 over the past buying and selling session, reaching $16.43. About 1.01 million shares traded. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 43.02% since December 10, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.

Analysts await Diamond Offshore Drilling, Inc. (NYSE:DO) to report earnings on February, 12. They anticipate $zero.06 EPS, down 88.68 % or $zero.47 from final 12 months’s $zero.53 per share. DO’s revenue will probably be $eight.23M for 68.46 P/E if the $zero.06 EPS turns into a actuality. After $zero.25 precise EPS reported by Diamond Offshore Drilling, Inc. for the earlier quarter, Wall Road now forecasts -76.00 % unfavorable EPS development.

Diamond Offshore Drilling, Inc. offers contract drilling companies to the power business worldwide. The corporate has market cap of $2.26 billion. It offers companies in floater market, together with ultra-deepwater, deepwater, and mid-water. It has a 13.58 P/E ratio. The agency operates a fleet of 24 offshore drilling rigs, which comprise four drillships, eight ultra-deepwater, 6 deepwater, 5 mid-water semisubmersibles, and 1 jack-up rig.

Extra information for Diamond Offshore Drilling, Inc. (NYSE:DO) have been lately printed by: Blogs.Wsj.com, which launched: “CFO Strikes: Unit Corp., Diamond Offshore Drilling, Covestro, Pfeiffer Vacuum …” on November 28, 2017. Idiot.com‘s article titled: “Right here’s Why Diamond Offshore Drilling Inc Inventory Was Up 15% Final Month Whereas Its …” and printed on November 11, 2017 is one more necessary article.

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