Diamond Offshore Drilling (DO) Shares Up 6.1% – BharataPress

Shares of Diamond Offshore Drilling Inc (NYSE:DO) shot up 6.1% during trading on Wednesday . The stock traded as high as $9.69 and last traded at $9.68. 4,263,658 shares traded hands during trading, an increase of 134% from the average session volume of 1,823,484 shares. The stock had previously closed at $9.12.

Several brokerages have recently commented on DO. UBS Group set a $14.00 price objective on shares of Diamond Offshore Drilling and gave the stock a “buy” rating in a research report on Thursday, December 20th. Clarkson Capital raised shares of Diamond Offshore Drilling from a “neutral” rating to a “buy” rating and set a $16.00 price target for the company in a research report on Thursday, November 8th. Wells Fargo & Co reduced their price target on shares of Diamond Offshore Drilling from $22.00 to $17.00 and set a “market perform” rating for the company in a research report on Tuesday, November 6th. Susquehanna Bancshares set a $16.00 price target on shares of Diamond Offshore Drilling and gave the company a “hold” rating in a research report on Tuesday, November 6th. Finally, Piper Jaffray Companies set a $10.00 price target on shares of Diamond Offshore Drilling and gave the company a “sell” rating in a research report on Tuesday, November 6th. Eleven investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average pric....

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