Raymond James Increases Pacific Drilling Price Target to $13.00 (PACD)
Raymond James increased their target price on shares of Pacific Drilling (NASDAQ:PACD) from $11.00 to $13.00 in a research note issued on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 12.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim raised their price target on shares of Pacific Drilling (NASDAQ:PACD) from $12.00 to $13.75 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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 presently has an average rating of “Buy” and a consensus target price of $13.09.
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 52 week low of $8.89 and a 52 week 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.