Pacific Drilling SA Rating Increased to Buy at Zephirin (PACD)
Pacific Drilling SA (NASDAQ:PACD) was upgraded by equities researchers at Zephirin from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm currently has a $12.00 price target on the stock. Zephirin’s price target suggests a potential upside of 24.22% from the company’s current price.
Pacific Drilling SA (NASDAQ:PACD) traded down 0.93% on Friday, hitting $9.57. 112,953 shares of the company’s stock traded hands. Pacific Drilling SA has a 52-week low of $9.23 and a 52-week high of $12.25. The stock has a 50-day moving average of $9.86 and a 200-day moving average of $10.09. The company has a market cap of $2.080 billion and a P/E ratio of 16.40.
Pacific Drilling SA (NASDAQ:PACD) last released its earnings data on Wednesday, August 6th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.18 by $0.05. The company had revenue of $260.83 million for the quarter, compared to the consensus estimate of $251.35 million. The company’s quarterly revenue was up 47.6% on a year-over-year basis. Analysts expect that Pacific Drilling SA will post $0.78 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on PACD. Analysts at Raymond James cut their price target on shares of Pacific Drilling SA from $12.00 to $11.00 in a research note on Monday, July 21st. Separately, 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 eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.97.
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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