Pacific Drilling SA Given Average Rating of “Buy” by Brokerages (NASDAQ:PACD)
Pacific Drilling SA (NASDAQ:PACD) has been given a consensus recommendation of “Buy” by the fifteen brokerages that are presently covering the stock, StockRatingsNetwork reports. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.94.
Shares of Pacific Drilling SA (NASDAQ:PACD) opened at 9.835 on Thursday. 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 $9.75 and a 200-day moving average of $10.05. The company has a market cap of $2.137 billion and a P/E ratio of 16.67.
Pacific Drilling SA (NASDAQ:PACD) last issued its quarterly 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. On average, analysts predict that Pacific Drilling SA will post $0.81 earnings per share for the current fiscal year.
PACD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Pacific Drilling SA from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 14th. They now have a $10.10 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Pacific Drilling SA in a research note on Tuesday, August 12th. They now have a $12.00 price target on the stock, down previously from $14.00. Finally, analysts at Zephirin Group upgraded shares of Pacific Drilling SA to a “buy” rating in a research note on Friday, August 8th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.