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Pacific Drilling (NASDAQ:PACD) was downgraded by analysts at Nordea Equity Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, AR Network reports.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Pacific Drilling from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 14th. They now have a $12.50 price target on the stock. Separately, analysts at ISI Group downgraded shares of Pacific Drilling from a “strong-buy” rating to a “buy” rating in a research note to investors on Monday, January 13th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Pacific Drilling presently has an average rating of “Buy” and an average price target of $13.53.

Shares of Pacific Drilling (NASDAQ:PACD) opened at 10.90 on Thursday. Pacific Drilling has a one year low of $8.89 and a one year high of $12.25. The stock’s 50-day moving average is $11.00 and its 200-day moving average is $10.74. The company has a market cap of $2.365 billion and a P/E ratio of 145.33.

Pacific Drilling (NASDAQ:PACD) last released its earnings data on Wednesday, November 6th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.06. The company had revenue of $193.20 million for the quarter, compared to the consensus estimate of $182.58 million. On average, analysts predict that Pacific Drilling will post $0.39 earnings per share for the current fiscal year.

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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