Pacific Drilling Coverage Initiated by Analysts at Danske Bank (PACD)
Investment analysts at Danske Bank initiated coverage on shares of Pacific Drilling (NASDAQ:PACD) in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. The firm set a “hold” rating on the stock.
Shares of Pacific Drilling (NASDAQ:PACD) traded up 0.52% on Tuesday, hitting $11.69. The stock had a trading volume of 164,050 shares. Pacific Drilling has a 52-week low of $8.89 and a 52-week high of $10.99. The stock’s 50-day moving average is $9.87 and its 200-day moving average is $9.7. The company’s market cap is $2.536 billion.
PACD has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Pacific Drilling from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $11.90 price target on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $12.96.
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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