Squarepoint Ops LLC acquired a new position in shares of Pacific Drilling SA (NYSE:PACD) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 57,064 shares of the company’s stock, valued at approximately $223,000. Squarepoint Ops LLC owned about 0.08% of Pacific Drilling as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in PACD. Bank of Montreal Can bought a new position in shares of Pacific Drilling in the second quarter worth $31,000. Tower Research Capital LLC TRC acquired a new stake in Pacific Drilling in the second quarter worth about $40,000. Susquehanna International Group LLP bought a new position in Pacific Drilling in the 2nd quarter valued at about $133,000. Trexquant Investment LP bought a new position in Pacific Drilling in the 2nd quarter valued at about $137,000. Finally, Wells Fargo & Company MN acquired a new position in Pacific Drilling during the 2nd quarter valued at about $176,000. 87.96% of the stock is currently owned by institutional investors.
NYSE PACD opened at $3.58 on Monday. Pacific Drilling SA has a 12 month low of $2.48 and a 12 month high of $16.00. The company’s 50 day simple moving average is $3.16 and its 200 day simple moving average is $5.98. The company has a current ratio of 6.42, a quick ratio of 5.79 and a debt-to-equity ratio of 0.77.
Pacific Drilling (NYSE:PACD) last released its quarterly earnings data on Tuesday, November 5th. The company reported ($1.21) earnings per share for the quarter. Pacific Drilling had a negative return on equity of 139.23% and a negative net margin of 814.23%. The company had revenue of $54.32 million for the quarter.
A number of analysts have commented on PACD shares. ValuEngine upgraded shares of Pacific Drilling from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Evercore ISI reissued a “buy” rating on shares of Pacific Drilling in a report on Thursday, November 21st. Nordea Equity Research raised Pacific Drilling from a “sell” rating to a “buy” rating in a research note on Thursday, October 24th. Finally, Fearnley Fonds upgraded Pacific Drilling from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Thursday, November 7th.
Pacific Drilling Profile
Pacific Drilling SA, together with its subsidiaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts its fleet of rigs to drill wells for its customers. It has a fleet of seven drillships. The company was founded in 2006 and is headquartered in Houston, Texas.
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