Diamond Offshore Drilling Receives a Hold from Jefferies

Jefferies analyst Brad Handler reiterated a Hold rating on Diamond Offshore Drilling (NYSE: DO) today. The company’s shares closed yesterday at $18.78.

According to TipRanks.com, Handler is ranked 0 out of 5 stars with an average return of -6.8% and a 46.6% success rate. Handler covers the Basic Materials sector, focusing on stocks such as Oceaneering International, Basic Energy Services, and Continental Resources.

Currently, the analyst consensus on Diamond Offshore Drilling is Hold and the average price target is $23.20, representing a 23.5% upside.

In a report issued on August 25, Citigroup also maintained a Hold rating on the stock with a $21 price target.

The company has a one year high of $26.72 and a one year low of $14.18. Currently, Diamond Offshore Drilling has an average volume of 2.33M.

Diamond Offshore Drilling, Inc. engages in the provision of offshore and contract drilling services. Its fleet of offshore drilling rigs consists of semisubmersibles, six jack-ups, and drillships. The company was founded on April 12, 1989 and is headquartered in Houston, TX.