Pacific Drilling Stock Rating Upgraded by Zacks (PACD)
Pacific Drilling (NASDAQ:PACD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Thursday, AR Network reports. The firm currently has a $11.90 price objective on the stock. Zacks‘ target price points to a potential upside of 5.03% from the stock’s previous close.
A number of other firms have also recently commented on PACD. Analysts at Wunderlich reiterated a “buy” rating on shares of Pacific Drilling in a research note to investors on Friday, October 4th. They now have a $16.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Pacific Drilling from $11.00 to $13.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Finally, analysts at Guggenheim raised their price target on shares of Pacific Drilling from $12.00 to $13.75 in a research note to investors on Friday, October 4th. They now have a “buy” rating on the stock. Eleven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of $12.96.
Pacific Drilling (NASDAQ:PACD) traded up 0.88% on Thursday, hitting $11.43. The stock had a trading volume of 101,697 shares. 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 $10.43 and its 200-day moving average is $9.94. The company’s market cap is $2.480 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.
To view Zacks’ full report, visit www.zacks.com
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.