BMO Capital Issues a Sell Rating on Diamond Offshore Drilling

By Carrie Williams

BMO Capital analyst Daniel Boyd reiterated a Sell rating on Diamond Offshore Drilling (NYSE: DO) today and set a price target of $14.50. The company’s shares opened today at $15.12.

According to TipRanks.com, Boyd is a 3-star analyst with an average return of 2.3% and a 52.9% success rate. Boyd covers the Basic Materials sector, focusing on stocks such as Oil States International, Basic Energy Services, and Helmerich & Payne.

Diamond Offshore Drilling has an analyst consensus of Moderate Sell, with a price target consensus of $17.50.

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Diamond Offshore Drilling, Inc. engages in the provision of offshore and contract drilling services. The firm’s fleet of offshore drilling rigs consists of semisubmersibles, six jack-ups, and drillships. It also offers ultra-deepwater, deepwater and mid-water floaters. The company was founded on April 12, 1989 and is headquartered in Houston, TX.