Analysts’ Forecasts for Diamond Offshore’s Upcoming Q2 Results
Of the 28 analysts covering Diamond Offshore Drilling (DO), only 14% recommend some form of “buy,” ~40% recommend “hold,” and 46% recommend “sell.” Diamond Offshore has the lowest percentage of “buy” recommendations among the top offshore drilling stocks (XLE). About 45% of analysts covering Rowan Companies (RDC) and Ensco (ESV) recommend “buy,” and 23% recommend “‘buy” for Noble (NE). Analysts’ 12-month target price of $15.04 for DO implies a 22.35% downside to its July 19 market price of $19.37.