Diamond Offshore Drilling (DO) Posts Q4 GAAP Loss of $1.79/Share; Discontinues Dividend

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Go back to Diamond Offshore Drilling (DO) Posts Q4 GAAP Loss of $1.79/Share; Discontinues Dividend

Diamond Offshore (DO): Near-term Resilience, Long-term Opportunity

February 9, 2016 10:57 AM EST

Jefferies analyst, Eduardo Royes, seems to be warming up to Diamond Offshore (NYSE: DO) as he raised his price target but left the rating unchanged. The PT goes to $20 from $18 but he maintained his Neutral rating.

Estimates for DO remains most resilient versus peers through the medium-term and DO is levered to higher... More