PACD has been the topic of several other reports. Fearnley Fonds raised shares of Pacific Drilling from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a report on Thursday, November 7th. Evercore ISI reaffirmed a “buy” rating on shares of Pacific Drilling in a report on Thursday, November 21st. Finally, Nordea Equity Research raised shares of Pacific Drilling from a “sell” rating to a “buy” rating in a report on Thursday, October 24th. Five analysts have rated the stock with a buy rating, Pacific Drilling has an average rating of “Buy” and an average target price of $7.00.
NYSE PACD opened at $3.05 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 6.42 and a quick ratio of 5.79. The stock’s fifty day moving average price is $2.95 and its 200 day moving average price is $7.20. Pacific Drilling has a 1 year low of $2.48 and a 1 year high of $20.00.
Pacific Drilling (NYSE:PACD) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($1.21) EPS for the quarter. Pacific Drilling had a negative net margin of 814.23% and a negative return on equity of 139.23%. The business had revenue of $54.32 million during the quarter.
Hedge funds have recently bought and sold shares of the company. Bank of Montreal Can purchased a new position in Pacific Drilling in the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC purchased a new position in Pacific Drilling in the 2nd quarter valued at about $40,000. SG Americas Securities LLC purchased a new position in Pacific Drilling in the 3rd quarter valued at about $77,000. Susquehanna International Group LLP purchased a new position in Pacific Drilling in the 2nd quarter valued at about $133,000. Finally, Trexquant Investment LP purchased a new position in Pacific Drilling in the 2nd quarter valued at about $137,000. 87.97% of the stock is currently owned by institutional investors and hedge funds.
Pacific Drilling Company Profile
Pacific Drilling SA, together with its subsidiaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts its fleet of rigs to drill wells for its customers. It has a fleet of seven drillships. The company was founded in 2006 and is headquartered in Houston, Texas.
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