Diamond Offshore Drilling, Inc. (NYSE:DO) Given Price Target Of $20.8


As per Diamond Offshore Drilling, Inc. (NYSE:DO)’s news release on 2015-11-02, its shareholders will get cash dividend of $0.125 per share. The recent press release updated on the record date and payout date, which stands at 2015-11-13 and 2015-12-01, respectively.

The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) will commence trading ex-dividend from 2015-11-10, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Diamond Offshore Drilling, Inc. (NYSE:DO) disbursed $0.25 in dividend compared to distribution of $3.5, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -85.7143%.

The past track record of five years substantiates that the average payout of Diamond Offshore Drilling, Inc. (NYSE:DO) stands at $2.9, implying -37.517% growth. The company recorded earnings of $0.66 a share in the preceding fiscal.

The interim price target for Diamond Offshore Drilling, Inc. (NYSE:DO) is set at $20.8. This level is the mean price reached by averaging the stock views of 15 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $33 and the lowest level is established at 14. This broad range highlights a standard deviation of $4.738 in reported estimates.

AlphaOne has allotted A sentiment score of 0.31 to Diamond Offshore Drilling, Inc. (NYSE:DO) while impact score assigned is 86 as on as on 2016-06-12.

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