Pacific Drilling SA (NYSE:PACD) traded up 30.3% during trading on Monday . The stock traded as high as $5.25 and last traded at $6.19, 81,621 shares were traded during trading. A decline of 49% from the average session volume of 160,401 shares. The stock had previously closed at $4.75.
Several research analysts recently commented on the stock. Evercore ISI reiterated a “buy” rating on shares of Pacific Drilling in a research note on Thursday, November 21st. ValuEngine upgraded shares of Pacific Drilling from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Fearnley Fonds upgraded shares of Pacific Drilling from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research note on Thursday, November 7th. Finally, Nordea Equity Research upgraded shares of Pacific Drilling from a “sell” rating to a “buy” rating in a research note on Thursday, October 24th.
The company has a debt-to-equity ratio of 0.77, a quick ratio of 5.79 and a current ratio of 6.42. The firm’s 50 day moving average is $3.27 and its 200 day moving average is $5.68.
Pacific Drilling (NYSE:PACD) last posted its quarterly earnings data on Tuesday, November 5th. The company reported ($1.21) EPS for the quarter. The firm had revenue of $54.32 million for the quarter. Pacific Drilling had a negative return on equity of 139.23% and a negative net margin of 814.23%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN purchased a new stake in Pacific Drilling during the 2nd quarter worth approximately $176,000. Bank of Montreal Can purchased a new stake in Pacific Drilling during the 2nd quarter worth approximately $31,000. Trexquant Investment LP purchased a new stake in Pacific Drilling during the 2nd quarter worth approximately $137,000. Renaissance Technologies LLC purchased a new stake in Pacific Drilling during the 2nd quarter worth approximately $968,000. Finally, Northern Trust Corp purchased a new stake in Pacific Drilling during the 2nd quarter worth approximately $316,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.
About Pacific Drilling (NYSE:PACD)
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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