Pacific Drilling SA (NYSE:PACD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also given Pacific Drilling an industry rank of 64 out of 256 based on the ratings given to its competitors.
PACD stock traded down $0.36 during midday trading on Monday, reaching $11.24. 113,535 shares of the company were exchanged, compared to its average volume of 280,869. The company has a current ratio of 7.53, a quick ratio of 6.90 and a debt-to-equity ratio of 0.68. Pacific Drilling has a 1-year low of $9.85 and a 1-year high of $9,500.00. The company’s 50-day moving average price is $13.25.
Pacific Drilling (NYSE:PACD) last released its quarterly earnings data on Monday, May 13th. The company reported ($1.12) earnings per share for the quarter. Pacific Drilling had a negative return on equity of 125.49% and a negative net margin of 872.58%. The company had revenue of $65.92 million for the quarter.
A number of hedge funds have recently added to or reduced their stakes in PACD. Prudential PLC acquired a new position in shares of Pacific Drilling in the 4th quarter valued at $247,000. Barclays PLC acquired a new position in shares of Pacific Drilling in the 4th quarter valued at $770,000. Bank of America Corp DE acquired a new position in shares of Pacific Drilling in the 4th quarter valued at $1,646,000. NYL Investors LLC acquired a new position in shares of Pacific Drilling in the 1st quarter valued at $2,111,000. Finally, Thrivent Financial for Lutherans acquired a new position in shares of Pacific Drilling in the 4th quarter valued at $9,103,000. 83.20% of the stock is currently owned by institutional investors.
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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