Live Price Coverage: Could Pacific Drilling SA Change Direction After Today’s Significant Increase?

Live Price Coverage: Could Pacific Drilling SA Change Direction After Today's Significant Increase?

The stock of Pacific Drilling SA (NYSE:PACD) is a huge mover today! About 189,822 shares traded hands. Pacific Drilling SA (NYSE:PACD) has declined 30.00% since March 2, 2016 and is downtrending. It has underperformed by 38.26% the S&P500.
The move comes after 7 months positive chart setup for the $91.83M company. It was reported on Oct, 5 by Barchart.com. We have $8.65 PT which if reached, will make NYSE:PACD worth $98.26M more.

Analysts await Pacific Drilling SA (NYSE:PACD) to report earnings on November, 14. They expect $-1.42 EPS, down 174.74% or $3.32 from last year’s $1.9 per share. After $-0.05 actual EPS reported by Pacific Drilling SA for the previous quarter, Wall Street now forecasts 2,740.00% negative EPS growth.

Pacific Drilling SA (NYSE:PACD) Ratings Coverage

Out of 13 analysts covering Pacific Drilling (NYSE:PACD), 2 rate it a “Buy”, 2 “Sell”, while 9 “Hold”. This means 15% are positive. Pacific Drilling has been the topic of 16 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating by Citigroup given on Tuesday, October 20. The stock of Pacific Drilling SA (NYSE:PACD) has “Hold” rating given on Monday, March 7 by Johnson Rice. The firm has “Neutral” rating given on Thursday, September 3 by Credit Suisse. Global Hunter Securities downgraded the shares of PACD in a report on Friday, August 21 to “Neutral” rating. As per Wednesday, March 2, the company rating was downgraded by iBERIA Capital Partners. The firm has “Underperform” rating given on Monday, July 18 by Wells Fargo. As per Tuesday, August 9, the company rating was downgraded by Deutsche Bank. The firm earned “Sector Perform” rating on Monday, December 14 by Howard Weil. On Wednesday, April 20 the stock rating was downgraded by Barclays Capital to “Underweight”. The stock of Pacific Drilling SA (NYSE:PACD) earned “Buy” rating by Guggenheim on Monday, November 30.

According to Zacks Investment Research, “Pacific Drilling S.A. provides ultra-deepwater drilling services to the oil and natural gas industry. The Company rents its drilling rigs, related equipment and work crews to drill wells for its customers. Pacific Drilling S.A. is based in Luxembourg.”

More notable recent Pacific Drilling SA (NYSE:PACD) news were published by: Businesswire.com which released: “Pacific Drilling Extends Consent Solicitation and Increases Consent Payment” on October 05, 2016, also Seekingalpha.com with their article: “Pacific Drilling: Restructuring Ahead” published on September 23, 2016, Seekingalpha.com published: “Pacific Drilling Joins The Debt Restructuring Party” on August 10, 2016. More interesting news about Pacific Drilling SA (NYSE:PACD) were released by: Seekingalpha.com and their article: “Pacific Drilling Might Not Survive” published on March 08, 2016 as well as Seekingalpha.com‘s news article titled: “Pacific Drilling: Stay Away” with publication date: May 25, 2016.

PACD Company Profile

Pacific Drilling S.A., incorporated on March 22, 2011, is an international offshore drilling contractor. The Firm 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. The Firm is engaged in drillships segment. The Firm is primarily focused on the high-specification segment of the floating rig market. The Firm generally considers high-specification requirements to include rigs in water depths of approximately 7,500 feet or projects requiring advanced operating capabilities, such as hook-loads (>800 tons), accommodations (over 200 beds), mud storage and pumping capacity, and deck-load and space capabilities.

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