Diamond Offshore Drilling, Inc. – Consensus Indicates Potential 19.0% Upside

Broker Ratings

Diamond Offshore Drilling, Inc. with ticker code (DO) have now 3 analysts covering the stock. The analyst consensus points to a rating of ‘Strong_Buy’. The range between the high target price and low target price is between 20 and 10 calculating the mean target price we have 15.33. Given that the stocks previous close was at 12.88 this would indicate that there is a potential upside of 19.0%. The 50 day MA is 11.38 and the 200 day moving average is 8.68. The company has a market capitalisation of $1,329m. Company Website: https://www.diamondoffshore.com

The potential market cap would be $1,582m based on the market concensus.

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Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. As of December 31, 2022, the company operated a fleet of 14 offshore drilling rigs, including four drillships, eight semisubmersible rigs, and two managed rigs. It serves independent oil and gas companies, and government-owned oil companies. The company was founded in 1953 and is headquartered in Houston, Texas.

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