Zephirin Group Upgrades Pacific Drilling SA to “Buy” (PACD)
Shares of Pacific Drilling SA (NASDAQ:PACD) traded down 1.04% on Friday, hitting $9.56. The stock had a trading volume of 537,320 shares. 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 $2.078 billion and a price-to-earnings ratio of 16.40.
Pacific Drilling SA (NASDAQ:PACD) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.
Several other analysts have also recently commented on the stock. Analysts at Zephirin upgraded shares of Pacific Drilling SA from a “hold” rating to a “buy” rating in a research note on Friday. They now have a $12.00 price target on the stock, up previously from $10.00. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average 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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