Vantage Drilling Receives “Market Perform” Rating from FBR Capital Markets (VTG)
Vantage Drilling (NYSE:VTG)‘s stock had its “market perform” rating reiterated by stock analysts at FBR Capital Markets in a report issued on Tuesday. They currently have a $1.75 price target on the stock, down from their previous price target of $1.85. FBR Capital Markets’ price target would suggest a potential upside of 1.74% from the company’s current price.
Shares of Vantage Drilling (NYSE:VTG) traded up 1.45% during mid-day trading on Tuesday, hitting $1.745. The stock had a trading volume of 1,328,852 shares. Vantage Drilling has a one year low of $1.59 and a one year high of $2.02. The stock’s 50-day moving average is $1.86 and its 200-day moving average is $1.76. The company has a market cap of $534.3 million and a P/E ratio of 7.54.
Vantage Drilling (NYSE:VTG) last released its 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 $0.23 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on VTG. Analysts at Pareto downgraded shares of Vantage Drilling from a “buy” rating to a “hold” rating in a research note on Thursday, August 21st. They now have a $1.90 price target on the stock. Separately, 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. Finally, analysts at Global Hunter Securities downgraded shares of Vantage Drilling from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $2.10 price target on the stock, down previously from $2.55. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Vantage Drilling currently has a consensus rating of “Buy” and a consensus price target of $1.96.
Vantage Drilling Company (NYSE:VTG) is an international offshore drilling company focused on operating a fleet of drilling units.
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