Diamond Offshore Drilling, Inc. (DO) Shares Bought by Nationwide Fund Advisors

Nationwide Fund Advisors increased its position in Diamond Offshore Drilling, Inc. (NYSE:DO) by 29.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 153,192 shares of the offshore drilling services provider’s stock after buying an additional 34,991 shares during the period. Nationwide Fund Advisors owned 0.11% of Diamond Offshore Drilling worth $1,659,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DO. Lazard Asset Management LLC lifted its position in shares of Diamond Offshore Drilling by 10.2% in the first quarter. Lazard Asset Management LLC now owns 6,685 shares of the offshore drilling services provider’s stock worth $111,000 after buying an additional 620 shares in the last quarter. Raymond James Trust N.A. purchased a new stake in Diamond Offshore Drilling during the second quarter valued at approximately $118,000. Advantus Capital Management Inc raised its position in Diamond Offshore Drilling by 3.0% during the first quarter. Advantus Capital Management Inc now owns 8,254 shares of the offshore drilling services provider’s stock valued at $138,000 after purchasing an additional 242 shares during the period. Wayne Hummer Investments L.L.C. purchased a new stake in Diamond Offshore Drilling during the second quarter valued at approximately $145,000. Finally, Aberdeen Asset Management PLC UK purchased a new stake in Diamond Offshore Drilling during the second quarter valued at approximately $146,000.

Diamond Offshore Drilling, Inc. (NYSE:DO) opened at 15.26 on Wednesday. The stock has a market cap of $2.09 billion, a price-to-earnings ratio of 12.41 and a beta of 1.19. Diamond Offshore Drilling, Inc. has a 52 week low of $10.06 and a 52 week high of $22.65. The company has a 50-day moving average price of $13.59 and a 200-day moving average price of $12.87.

Diamond Offshore Drilling (NYSE:DO) last released its quarterly earnings data on Monday, July 31st. The offshore drilling services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.21. Diamond Offshore Drilling had a net margin of 11.19% and a return on equity of 5.77%. The company had revenue of $399.30 million during the quarter, compared to the consensus estimate of $381.50 million. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Diamond Offshore Drilling’s revenue for the quarter was up 2.7% on a year-over-year basis. Equities research analysts anticipate that Diamond Offshore Drilling, Inc. will post $0.91 EPS for the current year.

A number of equities research analysts have issued reports on the company. BidaskClub downgraded Diamond Offshore Drilling from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 24th. Seaport Global Securities downgraded Diamond Offshore Drilling from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $12.00 to $9.00 in a research report on Wednesday, June 21st. Jefferies Group LLC set a $14.00 price objective on Diamond Offshore Drilling and gave the company a “hold” rating in a research report on Saturday, July 1st. Pareto Securities upgraded Diamond Offshore Drilling from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Friday, August 18th. Finally, FBR & Co upgraded Diamond Offshore Drilling from a “sell” rating to a “neutral” rating and set a $13.00 price objective on the stock in a research report on Tuesday, October 10th. Nine research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. Diamond Offshore Drilling currently has an average rating of “Hold” and an average target price of $14.54.

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Diamond Offshore Drilling Company 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.

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

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