Diamond Offshore downgraded to Sell from Neutral at Global Hunter Global Hunter downgraded Diamond Offshore to Sell and reduced estimates due to lower demand for deepwater rigs and lower dayrates. The firm expects further rig deactivations in 2014 and reduced dayrates for less capable units combined with oversupply to result in idle inventory and contract gaps. Price target lowered to $38 from $61.
News For DO From The Last 14 Days
Check below for free stories on DO the last two weeks.
Diamond Offshore declares special cash dividend of 75c per share Diamond Offshore Drilling announced that the company has declared a special quarterly cash dividend of 75c per share of common stock and a regular quarterly cash dividend of 12.5c per share of common stock. Both dividends are payable on September 2, to shareholders of record on August 6.