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Vantage Drilling (NYSE:VTG) was downgraded by research analysts at Pareto from a “buy” rating to a “hold” rating in a report released on Thursday. They currently have a $1.90 target price on the stock. Pareto’s price target indicates a potential upside of 0.53% from the company’s current price.

A number of other analysts have also recently weighed in on VTG. Analysts at Global Hunter Securities cut their price target on shares of Vantage Drilling from $1.90 to $0.20 in a research note on Wednesday, August 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $2.03.

Vantage Drilling (NYSE:VTG) opened at 1.89 on Thursday. Vantage Drilling has a 1-year low of $1.59 and a 1-year high of $2.02. The stock has a 50-day moving average of $1.88 and a 200-day moving average of $1.76. The company has a market cap of $578.7 million and a price-to-earnings ratio of 8.16.

Vantage Drilling (NYSE:VTG) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $219.72 million for the quarter, compared to the consensus estimate of $219.36 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 28.8% on a year-over-year basis. On average, analysts predict that Vantage Drilling will post $0.25 earnings per share for the current fiscal year.

Vantage Drilling Company (NYSE:VTG) is an international offshore drilling company focused on operating a fleet of drilling units.

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