Great West Life Assurance Co. Can raised its holdings in Diamond Offshore Drilling, Inc. (NYSE:DO) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,065,225 shares of the offshore drilling services provider’s stock after buying an additional 12,564 shares during the period. Great West Life Assurance Co. Can owned about 0.78% of Diamond Offshore Drilling worth $15,233,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. TD Asset Management Inc. raised its stake in Diamond Offshore Drilling by 10.4% in the third quarter. TD Asset Management Inc. now owns 41,400 shares of the offshore drilling services provider’s stock valued at $600,000 after buying an additional 3,900 shares during the period. Majedie Asset Management Ltd grew its position in shares of Diamond Offshore Drilling by 121.9% in the third quarter. Majedie Asset Management Ltd now owns 2,570,583 shares of the offshore drilling services provider’s stock valued at $37,273,000 after purchasing an additional 1,412,327 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Diamond Offshore Drilling by 7.7% in the third quarter. Van ECK Associates Corp now owns 1,035,139 shares of the offshore drilling services provider’s stock valued at $15,010,000 after purchasing an additional 73,721 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Diamond Offshore Drilling in the third quarter valued at approximately $1,295,000. Finally, Contrarius Investment Management Ltd grew its position in shares of Diamond Offshore Drilling by 13.7% in the third quarter. Contrarius Investment Management Ltd now owns 7,512,035 shares of the offshore drilling services provider’s stock valued at $108,925,000 after purchasing an additional 905,595 shares during the last quarter.

A number of brokerages recently issued reports on DO. Jefferies Group reissued a “neutral” rating on shares of Diamond Offshore Drilling in a research report on Tuesday, October 31st. BidaskClub downgraded Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Royal Bank Of Canada upgraded Diamond Offshore Drilling from an “underperform” rating to a “sector perform” rating and set a $15.00 price target for the company in a research note on Friday, August 25th. Piper Jaffray Companies reiterated a “hold” rating and issued a $9.33 price target on shares of Diamond Offshore Drilling in a research note on Tuesday, September 19th. Finally, ValuEngine upgraded Diamond Offshore Drilling from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Eight research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.71.

Diamond Offshore Drilling, Inc. (DO) opened at $16.68 on Friday. Diamond Offshore Drilling, Inc. has a 1 year low of $10.06 and a 1 year high of $22.65. The stock has a market cap of $2,288.96, a price-to-earnings ratio of 9.70 and a beta of 1.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.58 and a quick ratio of 3.58.

Diamond Offshore Drilling (NYSE:DO) last announced its earnings results on Monday, October 30th. The offshore drilling services provider reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.05. Diamond Offshore Drilling had a net margin of 10.86% and a return on equity of 6.23%. The company had revenue of $366.02 million during the quarter, compared to analyst estimates of $365.38 million. During the same period in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. analysts predict that Diamond Offshore Drilling, Inc. will post 0.9 EPS for the current fiscal year.

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Diamond Offshore Drilling Profile

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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Institutional Ownership by Quarter for Diamond Offshore Drilling (NYSE:DO)

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