FBR Capital Maintains a 'Market Perform' on Diamond Offshore (DO); Adjusting Estimates on June Fleet Status Report
Tweet
Share
E-mailGet Alerts DO Hot Sheet
Price: $13.99 --0%
Rating Summary:
8 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
8 Buy, 17 Hold, 14 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Join SI Premium – FREE
FBR Capital maintains a 'Market Perform' on Diamond Offshore (NYSE: DO), PT lowered from $81 to $79.
FBR analyst says, "Diamond Offshore's June fleet status report featured some meaningful adjustments to scheduled mobilization and downtime as well as a number of (largely smaller) incremental contract extensions, fixtures, and other changes. The collective impact of these revisions is mildly negative to our EPS estimates, but we believe there are some encouraging signs of tightening market to be found in the announcement as well...We are revising our 2011 estimates down modestly to $6.45 from $6.50 and our 2012 estimates down modestly to $5.20 from $5.25."
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 $67.33 yesterday.
FBR analyst says, "Diamond Offshore's June fleet status report featured some meaningful adjustments to scheduled mobilization and downtime as well as a number of (largely smaller) incremental contract extensions, fixtures, and other changes. The collective impact of these revisions is mildly negative to our EPS estimates, but we believe there are some encouraging signs of tightening market to be found in the announcement as well...We are revising our 2011 estimates down modestly to $6.45 from $6.50 and our 2012 estimates down modestly to $5.20 from $5.25."
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 $67.33 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- JPMorgan Double Upgrades Hemnet Group AB (HEM:SS) to Overweight
- York Space Systems (YSS) PT Lowered to $15 at Jefferies
- RBC Capital Downgrades Hermes International (RMS:FP) (HESAY) to Sector Perform
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
