BMO Capital Reiterates a Sell Rating on Diamond Offshore Drilling

By Austin Angelo

In a report released yesterday, Daniel Boyd from BMO Capital reiterated a Sell rating on Diamond Offshore Drilling (NYSE: DO), with a price target of $13. The company’s shares opened today at $16.64.

According to TipRanks.com, Boyd is a 3-star analyst with an average return of 2.0% and a 58.6% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Oil States International, Basic Energy Services, and Helmerich & Payne.

Currently, the analyst consensus on Diamond Offshore Drilling is Hold and the average price target is $17.50, representing a 5.2% upside.

In a report issued on November 1, FBR Capital also reiterated a Sell rating on the stock with a $13 price target.

The company has a one year high of $26.72 and a one year low of $14.18. Currently, Diamond Offshore Drilling has an average volume of 3.65M.

Diamond Offshore Drilling, Inc. engages in the provision of offshore and contract drilling services. Its fleet of offshore drilling rigs consists of semisubmersibles, six jack-ups, and drillships. The company was founded on April 12, 1989 and is headquartered in Houston, TX.