FBR Capital Reiterates a 'Market Perform' on Diamond Offshore (DO); Tweaking Estimates on Fleet Status
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Price: $13.99 --0%
Rating Summary:
8 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
8 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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FBR Capital reiterates a 'Market Perform' on Diamond Offshore (NYSE: DO), PT $81.
FBR analyst says, "We have a very constructive view of the offshore drilling market but believe that Diamond Offshore will remain challenged in the near term. The company lacks the visible catalysts of some of its peers, which we believe is important at this juncture for the offshore drillers, and it will need to make additional strides in renewing its fleet in order to improve its position in an extremely competitive marketplace."
"We are revising our 2011 estimates up modestly to $6.50 from $6.45 and our 2012 estimates down modestly to $5.25 from $5.30."
For more ratings news on Diamond Offshore click here and for the rating history of Diamond Offshore click here.
Shares of Diamond Offshore closed at $70.65 yesterday.
FBR analyst says, "We have a very constructive view of the offshore drilling market but believe that Diamond Offshore will remain challenged in the near term. The company lacks the visible catalysts of some of its peers, which we believe is important at this juncture for the offshore drillers, and it will need to make additional strides in renewing its fleet in order to improve its position in an extremely competitive marketplace."
"We are revising our 2011 estimates up modestly to $6.50 from $6.45 and our 2012 estimates down modestly to $5.25 from $5.30."
For more ratings news on Diamond Offshore click here and for the rating history of Diamond Offshore click here.
Shares of Diamond Offshore closed at $70.65 yesterday.
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