Diamond Offshore Drilling, Inc. (NYSE:DO).
On September 21, 2016 the stock rating was rated “Sell” by Goldman Sachs which is down from the previous “Neutral” rating. On September 20 the company was changed to a “Buy” according to a Evercore ISI Group report a boost from the previous “Buy” rating.
On September 19, 2016 the stock rating was set at “Buy” in a report from Zephrin Group up from the previous “” rating. Scotia Howard Weil added DO to its research portfolio giving it an initial rating of “Sector Perform”.
On September 2 Citigroup kept the stock rating at “Neutral” but lowered the price target to $18.00 from $21.00.
The company is now up from yesterday’s close of $16.01. It is currently trading at $16.08 a tad under $17.70, the stock’s 50 day moving average and which is marginally under the 200 day moving average of $22.09. The 50 day moving average was down $-1.59 or -8.97% and the 200 day average moved down $-5.98.
As of the latest earnings report the EPS was $-4.46 and is projected to be $1.02 for the current year with 137,169,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.11 with next year’s EPS anticipated to be $0.73.