EPS for Corenergy Infrastructure Trust (CORR) Expected At $1.07; Diamond Offshore Drilling (DO)’s Sentiment Is 1.17

October 12, 2017 - By Darrin Black

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. The company has market cap of $2.01 billion. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. It has a 11.71 P/E ratio. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig.

Analysts expect Corenergy Infrastructure Trust Inc (NYSE:CORR) to report $1.07 EPS on November, 1.They anticipate $0.09 EPS change or 9.18% from last quarter’s $0.98 EPS. CORR’s profit would be $12.77M giving it 8.41 P/E if the $1.07 EPS is correct. After having $0.94 EPS previously, Corenergy Infrastructure Trust Inc’s analysts see 13.83% EPS growth. About 49,648 shares traded. Corenergy Infrastructure Trust Inc (NYSE:CORR) has risen 64.60% since October 12, 2016 and is uptrending. It has outperformed by 47.90% the S&P500.

Among 5 analysts covering CorEnergy Infrastructure Trust (NYSE:CORR), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. CorEnergy Infrastructure Trust had 15 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 28 by Stifel Nicolaus. On Tuesday, November 15 the stock rating was upgraded by Stifel Nicolaus to “Buy”. On Monday, June 26 the stock rating was downgraded by Bank of America to “Underperform”. The company was upgraded on Wednesday, June 1 by Stifel Nicolaus. RBC Capital Markets upgraded the shares of CORR in report on Monday, November 14 to “Sector Perform” rating. DA Davidson initiated the shares of CORR in report on Thursday, September 22 with “Buy” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 21 report. The firm has “Sector Perform” rating given on Friday, August 12 by RBC Capital Markets. The stock of Corenergy Infrastructure Trust Inc (NYSE:CORR) has “Underperform” rating given on Monday, October 17 by RBC Capital Markets. Bank of America downgraded the stock to “Neutral” rating in Wednesday, December 9 report.

CorEnergy Infrastructure Trust, Inc

Loews Corp holds 5.12% of its portfolio in Diamond Offshore Drilling Inc for 73.12 million shares. Contrarius Investment Management Ltd owns 6.61 million shares or 4.79% of their US portfolio. Moreover, Contrarian Capital Management L.L.C. has 1.35% invested in the company for 643,807 shares. The California-based Tensile Capital Management Llc has invested 1.2% in the stock. Majedie Asset Management Ltd, a United Kingdom-based fund reported 1.16 million shares.

About 1.64 million shares traded. Diamond Offshore Drilling Inc (DO) has declined 43.02% since October 12, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.

Ratings analysis reveals 0 of Diamond Offshore’s analysts are positive. Out of 7 Wall Street analysts rating Diamond Offshore, 0 give it “Buy”, 4 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13.0 while the high is $22.0. The stock’s average target of $18 is 24.40% above today’s ($14.47) share price. DO was included in 7 notes of analysts from September 21, 2016. The firm earned “Equal Weight” rating on Monday, January 9 by Barclays Capital. Goldman Sachs downgraded the shares of DO in report on Wednesday, September 21 to “Sell” rating. As per Friday, October 7, the company rating was downgraded by Seaport Global Securities. The stock of Diamond Offshore Drilling Inc (NYSE:DO) earned “Underperform” rating by FBR Capital on Tuesday, November 1. The rating was upgraded by CapitalOne to “Equal Weight” on Monday, October 31. The rating was downgraded by RBC Capital Markets to “Underperform” on Friday, December 16. The stock of Diamond Offshore Drilling Inc (NYSE:DO) has “Underperform” rating given on Monday, October 17 by CLSA.

Since January 1, 0001, it had 1 insider buy, and 0 insider sales for $54,660 activity.

Analysts await Diamond Offshore Drilling Inc (NYSE:DO) to report earnings on October, 30. They expect $0.23 earnings per share, up 130.00% or $0.13 from last year’s $0.1 per share. DO’s profit will be $31.95 million for 15.73 P/E if the $0.23 EPS becomes a reality. After $0.45 actual earnings per share reported by Diamond Offshore Drilling Inc for the previous quarter, Wall Street now forecasts -48.89% negative EPS growth.


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