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Raymond James reduced their target price on shares of Pacific Drilling SA (NASDAQ:PACD) from $12.00 to $11.00 in a research note issued on Monday. Raymond James’ target price points to a potential upside of 11.56% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Pacific Drilling SA from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 16th. They now have a $9.50 price target on the stock. Finally, analysts at Johnson Rice reiterated an “overweight” rating on shares of Pacific Drilling SA in a research note on Tuesday, June 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $13.09.

Pacific Drilling SA (NASDAQ:PACD) remained flat at $9.86 during during mid-day trading trading on Monday. 118,756 shares of the company’s stock traded hands. Pacific Drilling SA has a one year low of $9.27 and a one year high of $12.25. The stock has a 50-day moving average of $10.08 and a 200-day moving average of $10.22. The company has a market cap of $2.141 billion and a P/E ratio of 65.73.

Pacific Drilling SA (NASDAQ:PACD) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.13 by $0.03. The company had revenue of $225.60 million for the quarter, compared to the consensus estimate of $234.44 million. The company’s quarterly revenue was up 28.9% on a year-over-year basis. On average, analysts predict that Pacific Drilling SA will post $0.78 earnings per share for the current fiscal year.

Pacific Drilling SA is an international offshore drilling Company. The Company is a provider of ultra-deepwater drilling services to the oil and natural gas industry through the use of high-specification drilling rigs.

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