|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||15.64 - 16.02|
|52 Week Range||9.02 - 20.25|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 22, 2018 - Feb 26, 2018|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||15.70|
The remaining 41% recommend a “sell” for Diamond Offshore stock. Its consensus 12-month target price of $19.93 implies a downside of 27.6%, based on its current market price of $19.9 on January 11, 2018. While it’s important to look at analysts’ current ratings, recent changes to recommendations and target prices provide insight into the latest changes in the market sentiment for a stock.
In this series, we’ll discuss analyst ratings and recommendations for offshore drillers, starting with Ensco (ESV). Of the 32 analysts covering Ensco, 47% recommend a “buy” or some equivalent for ESV stock.
In the week ended January 5, 2018, Jefferies and Citigroup revised their target prices and recommendations for offshore drilling stocks. On January 5, 2018, Citigroup raised its target price for Ensco (ESV) to $7.7 from $7.5. Earlier, Jefferies raised its target price to $6 and maintained a “hold” rating on Ensco.
Rowan Companies shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 83.
LONDON, UK / ACCESSWIRE / January 08, 2018 / Active-Investors.com has just released a free research report on Rowan Cos. PLC (NYSE: RDC ). If you want access to this report all you need to do is sign up ...
Categories: Yahoo FinanceGet free summary analysis Rowan Cos. Plc reports financial results for the quarter ended September 30, 2017. Highlights Summary numbers: Revenues of USD 291.60 million, Net Earnings of USD -20.90 million. Gross margins narrowed from 24.04% to 7.13% compared to the same period last year, operating (EBITDA) margins now 34.02% from 44.78%. Change in operating ... Read more (Read more...)
Transocean shares moved sharply higher on plans to expand offshore drilling, but traders will be watching these key levels.
HOUSTON, Jan. 5, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (RDC) announced today that it has concluded the purchase of two LeTourneau Super 116E jack-up rigs, the P-59 and P-60, which were both delivered new into service in 2013, in a public auction from a subsidiary of Petroleo Brasileiro S.A. ("Petrobras") for $38.5 million per unit. As previously reported on May 11, 2017, Rowan was the high bidder in a Petrobras public auction with a bid price of $30 million per rig. While the high bid was not accepted by Petrobras, after negotiations, both parties agreed to the revised price. The Company intends to mobilize these modern jack-ups to the Middle East from their current location in Brazil in late first quarter 2018.
This month, crude oil prices, a key factor in the fortunes of offshore drillers (OIH), crossed $60 per barrel for the first time in the last 2.5 years.
In the week ending December 15, 2017, offshore drilling stocks had mixed returns. Seadrill was the best performer, while Ensco was the worst performer.
The consensus analyst rating for Diamond Offshore Drilling (DO) is 3.34, which means a “hold.” About 9% of the analysts have recommended a “buy” or some equivalent as of December 13, 2017.