Diamond Offshore Drilling, Inc. DO was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $16.06 to $18.41 in the past one-month time frame.
The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Diamond Offshore Drilling currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Diamond Offshore Drilling, Inc. Price
Diamond Offshore Drilling, Inc. Price | Diamond Offshore Drilling, Inc. Quote
Investors interested in the Oil and Gas - Drilling industry may consider a better-ranked stock like Independence Contract Drilling, Inc. ICD, which carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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