News stories about Diamond Offshore Drilling (NYSE:DO) have been trending somewhat positive recently, according to Alpha One Sentiment. Alpha One, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diamond Offshore Drilling earned a media sentiment score of 0.16 on Alpha One’s scale. Alpha One also assigned news stories about the offshore drilling services provider an impact score of 91 out of 100, meaning that recent press coverage is extremely likely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Alpha One Sentiment Analysis’s analysis:

Diamond Offshore Drilling (NYSE:DO) traded up 0.20% on Thursday, reaching $14.90. The company’s stock had a trading volume of 2,347,146 shares. Diamond Offshore Drilling has a one year low of $14.48 and a one year high of $26.72. The stock has a 50-day moving average of $15.75 and a 200-day moving average of $17.15. The stock’s market cap is $2.04 billion.

Diamond Offshore Drilling (NYSE:DO) last posted its quarterly earnings results on Monday, February 13th. The offshore drilling services provider reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.14. The business had revenue of $391.87 million for the quarter, compared to the consensus estimate of $358.09 million. Diamond Offshore Drilling had a positive return on equity of 6.33% and a negative net margin of 23.28%. The company’s quarterly revenue was down 29.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.90 EPS. On average, analysts predict that Diamond Offshore Drilling will post $0.83 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Zephirin Group reissued a “buy” rating and set a $22.00 target price on shares of Diamond Offshore Drilling in a research report on Tuesday, December 27th. Credit Suisse Group AG reissued a “hold” rating and set a $18.00 target price on shares of Diamond Offshore Drilling in a research report on Sunday, February 5th. Pareto Securities raised shares of Diamond Offshore Drilling from a “sell” rating to a “hold” rating in a research report on Tuesday, February 7th. BMO Capital Markets reissued a “sell” rating and set a $14.50 target price on shares of Diamond Offshore Drilling in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Diamond Offshore Drilling from a “hold” rating to a “strong-buy” rating and set a $18.00 target price for the company in a research report on Tuesday, April 11th. Eight investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.55.

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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.

5 Day Chart for NYSE:DO

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