Diamond Offshore Drilling (DO) Receives Coverage Optimism Rating of 0.18

Media coverage about Diamond Offshore Drilling (NYSE:DO) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave headlines about the offshore drilling services provider an impact score of 45.9430497972759 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

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Shares of NYSE:DO opened at $15.79 on Friday. Diamond Offshore Drilling has a 52 week low of $10.06 and a 52 week high of $20.41. The firm has a market capitalization of $2,070.77, a price-to-earnings 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 issued its quarterly earnings data on Monday, February 12th. The offshore drilling services provider reported ($0.05) EPS for the quarter, topping 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 business had revenue of $346.20 million during the quarter, compared to analysts’ expectations of $331.98 million. During the same period last year, the company posted $0.27 EPS. The business’s revenue was down 11.7% on a year-over-year basis. research analysts expect that Diamond Offshore Drilling will post -0.28 EPS for the current fiscal year.

DO has been the subject of several research analyst reports. Royal Bank of Canada set a $19.00 target price on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Thursday, December 21st. UBS cut shares of Diamond Offshore Drilling to an “underperform” rating in a research note on Friday, February 9th. Susquehanna Bancshares set a $17.00 target price on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research note on Friday, January 12th. SEB Equity Research cut shares of Diamond Offshore Drilling from a “market perform” rating to an “underperform” rating in a research note on Friday, February 9th. Finally, Clarkson Capital cut shares of Diamond Offshore Drilling from a “buy” rating to a “neutral” rating in a research note on Thursday, January 18th. Twelve analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. Diamond Offshore Drilling has a consensus rating of “Hold” and a consensus price target of $13.96.

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About Diamond Offshore Drilling

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.

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