Diamond Offshore Drilling News

It seems that just about every analyst can't wait to forecast a potential plunge in deepwater and offshore drillers.

Gulf Island Fabrication , is a worldwide fabricator of offshore platforms, vessels and structures, has a market cap of $330 million USD and operates through subsidiaries in both Louisiana and Texas.

Ilhavo, Portugal - SADIF Investment Analytics, announces a new summary due diligence report covering Diamond Offshore Drilling Inc .

Diamond Offshore Drilling has earned an average recommendation of "Hold" from the thirty ratings firms that are covering the company, American Banking News reports .

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's stock had its "neutral" rating reaffirmed by Zacks in a research report issued to clients and investors on Friday, Stock Ratings News reports.

In afternoon trading on Wednesday, Utilities stocks are the worst performing sector, showing a 0.5% loss.

Shares of offshore drillers are off by nearly 13% so far this year. According to some investors the worst is still to come.

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DO has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Diamond Offshore Drilling from $50.00 to $47.50 in a research note on Monday.

With energy exploration and production companies reeling back their capital spending programs, just about every offshore drilling rig company is struggling to find new contracts.

The dial-in number to participate in the conference call is 800-247-9979. Those individuals calling from international locations may participate by dialing 973-321-1100.

While Fools should generally take the opinion of Wall Street with a grain of salt, it's not a bad idea to take a closer look at particularly stock-shaking upgrades and downgrades -- just in case their reasoning behind the call makes sense.