Pacific Drilling SA Given “Buy” Rating at Deutsche Bank (PACD)
Pacific Drilling SA (NASDAQ:PACD)‘s stock had its “buy” rating reiterated by Deutsche Bank in a research note issued on Tuesday. They currently have a $12.00 target price on the stock, down from their previous target price of $14.00. Deutsche Bank’s price target would suggest a potential upside of 22.32% from the stock’s previous close.
PACD has been the subject of a number of other recent research reports. Analysts at Zephirin Group upgraded shares of Pacific Drilling SA to a “buy” rating in a research note on Friday. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $12.88.
Shares of Pacific Drilling SA (NASDAQ:PACD) remained flat at $9.8101 during trading on Tuesday. 25,634 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 $9.82 and a 200-day moving average of $10.07. The company has a market cap of $2.132 billion and a P/E ratio of 16.66.
Pacific Drilling SA (NASDAQ:PACD) last announced its earnings results on Wednesday, August 6th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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. Pacific Drilling SA’s revenue was up 47.6% compared to the same quarter last year. On average, analysts predict that Pacific Drilling SA will post $0.80 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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