Dolphin Offshore Enterprises shares rise 18 percent


Dolphin Offshore Enterprises shares rise 18 percent
Bangalore: Dolphin Offshore Enterprises stock was among the top gainers after its price went up nearly 18 percent. After opening the day at 249, the stock touched its 52 week high of 291.90, before closing trade at 246.70, with a gain of 17.98 percent. Through the day, 758068 Dolphin Offshore were traded in the market, with the P/E ratio of 20.57. The 52 week stock price chart is on the left. Dolphin Offshore Enterprises is a provider of underwater services to the oil and gas industry. The services provided by the Company include diving and underwater services; fabrication/installation services; marine operations and management services; engineering, procurement and construction (EPC) projects; rig repairing and ship repairing services, and design engineering services. The subsidiaries of the Company include Dolphin Offshore Projects, Kanika Shipping, Global Dolphin Drilling, Dolphin Offshore Enterprises (Mauritius), Dolphin International Risk Services and Procyon Offshore Services. As of March 31, 2009, the Company has an ownership interest of 40 percent in IMPaC Oil & Gas Engineering (India). Currently, 8 analysts are following the stock, with 4 analysts recommending to buy the stock. The consensus recommendation is that the stock will outperform.