Pacific Drilling SA (PACD) Given Consensus Rating of “Hold” by Brokerages
Shares of Pacific Drilling SA (NYSE:PACD) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $7.50.
Shares of Pacific Drilling SA (NYSE:PACD) traded down 0.48% on Tuesday, hitting $2.09. The stock had a trading volume of 17,435 shares. The firm has a 50 day moving average of $1.85 and a 200 day moving average of $3.00. Pacific Drilling SA has a 12 month low of $1.58 and a 12 month high of $11.56. The stock’s market cap is $44.48 million.
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A hedge fund recently bought a new stake in Pacific Drilling SA stock. Oxford Asset Management acquired a new position in Pacific Drilling SA (NYSE:PACD) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 61,179 shares of the oil and gas company’s stock, valued at approximately $248,000. Oxford Asset Management owned about 0.29% of Pacific Drilling SA as of its most recent SEC filing. 10.76% of the stock is currently owned by institutional investors and hedge funds.
About Pacific Drilling SA
Pacific Drilling SA is an international offshore drilling contractor. The Company provides offshore drilling services to the oil and natural gas industry through the use of high-specification rigs. The Company’s primary business is to contract its high-specification rigs, related equipment and work crews, primarily on a day rate basis, to drill wells for its clients.
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