Pacific Drilling Price Target Increased to $13.75 by Analysts at Guggenheim (PACD)
Equities researchers at Guggenheim boosted their price objective on shares of Pacific Drilling (NASDAQ:PACD) from $12.00 to $13.75 in a research report issued on Friday, Analyst Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Guggenheim’s price target points to a potential upside of 18.74% from the stock’s previous close.
Shares of Pacific Drilling (NASDAQ:PACD) traded up 0.09% on Friday, hitting $11.58. 277,813 shares of the company’s stock traded hands. Pacific Drilling has a one year low of $8.89 and a one year high of $11.76. The stock’s 50-day moving average is $10.23 and its 200-day moving average is $9.88. The company’s market cap is $2.512 billion.
A number of other analysts have also recently weighed in on PACD. Analysts at Wunderlich initiated coverage on shares of Pacific Drilling (NASDAQ:PACD) in a research note to investors on Wednesday, September 4th. They set a “buy” rating and a $16.00 price target on the stock. Analysts at Cowen and Company raised their price target on shares of Pacific Drilling (NASDAQ:PACD) from $12.00 to $13.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Ten investment analysts have rated the stock with a buy rating, Pacific Drilling currently has an average rating of “Buy” and a consensus target price of $13.09.
Pacific Drilling SA is a Luxembourg-based ultra-deepwater oil drilling company. The Company’s fleet consists of seven ultra-deepwater drill ships, such as Pacific Bora, Pacific Mistral, Pacific Scirocco, Pacific Santa Ana, Pacific Khamsin and Pacific Sharav.
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