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Are Diamond Offshore (DO) Shares a ‘Buy’ Now? Clarksons Platou Has Upgraded The Stock

Diamond Offshore Drilling, Inc. (NYSE:DO) Logo

Investors sentiment increased to 1.04 in Q2 2018. Its up 0.20, from 0.84 in 2018Q1. It increased, as 26 investors sold Diamond Offshore Drilling, Inc. shares while 65 reduced holdings. 37 funds opened positions while 58 raised stakes. 144.53 million shares or 1.15% more from 142.89 million shares in 2018Q1 were reported.

Manufacturers Life Insurance The reported 150,199 shares or 0% of all its holdings. Riverhead Cap Limited Company stated it has 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Gotham Asset Management Lc has invested 0.08% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Private Mngmt Gp Inc owns 0.34% invested in Diamond Offshore Drilling, Inc. (NYSE:DO) for 326,704 shares. Teacher Retirement Sys Of Texas reported 0% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Goldman Sachs Grp Inc holds 0% in Diamond Offshore Drilling, Inc. (NYSE:DO) or 806,454 shares. Moreover, Northwestern Mutual Wealth Management Comm has 0% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Balyasny Asset Ltd owns 97,036 shares. Vertex One Asset Mgmt Inc reported 1.01% stake. State Treasurer State Of Michigan reported 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Jane Street Grp Inc Limited Liability invested in 19,888 shares or 0% of the stock. Amp Investors Limited accumulated 40,300 shares. 2.13M are held by Aqr Capital Management Ltd Liability. Comerica Bancorporation holds 0.01% or 48,962 shares in its portfolio. Envestnet Asset invested in 27,753 shares or 0% of the stock.

Since May 9, 2018, it had 0 buys, and 1 sale for $34,409 activity. ROLAND DAVID L sold $34,409 worth of stock.

Diamond Offshore (DO) Stock Upgrade

Shares of Diamond Offshore (DO) were upped by stock research analysts at Clarksons Platou from a “Neutral” rating to a solid “Buy” rating via analysts note issued to investors and clients on Thursday, 8 November.

The stock decreased 2.12% or $0.31 during the last trading session, reaching $14.31. About 3.06 million shares traded or 86.21% up from the average. Diamond Offshore Drilling, Inc. (DO) has risen 30.34% since November 9, 2017 and is uptrending. It has outperformed by 14.72% the S&P500.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company has market cap of $1.97 billion. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. It currently has negative earnings. The firm operates a fleet of 24 offshore drilling rigs, which comprise 4 drillships, 8 ultra-deepwater, 6 deepwater, 5 mid-water semisubmersibles, and 1 jack-up rig.

More important recent Diamond Offshore Drilling, Inc. (NYSE:DO) news were published by: Seekingalpha.com which released: “Diamond Offshore Drilling (DO) CEO, Marc Edwards on Q3 2018 Results – Earnings Call Transcript” on November 05, 2018, also Seekingalpha.com published article titled: “Diamond Offshore: Q3 In Depth”, Benzinga.com published: “Earnings Scheduled For November 5, 2018” on November 05, 2018. More interesting news about Diamond Offshore Drilling, Inc. (NYSE:DO) was released by: Seekingalpha.com and their article: “Diamond Offshore +5% as Q3 loss comes in lighter than expected” with publication date: November 05, 2018.

Diamond Offshore Drilling, Inc. (NYSE:DO) Institutional Positions Chart

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