Pacific Drilling SA (NYSE:PACD) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also given Pacific Drilling an industry rank of 150 out of 256 based on the ratings given to its competitors.
NYSE PACD remained flat at $$6.25 during trading hours on Wednesday. The company’s stock had a trading volume of 138,896 shares, compared to its average volume of 83,552. Pacific Drilling has a 52 week low of $3.66 and a 52 week high of $9,500.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 8.74 and a quick ratio of 7.94. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $11.86.
Several institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new position in shares of Pacific Drilling in the 2nd quarter worth approximately $133,000. Highbridge Capital Management LLC increased its stake in Pacific Drilling by 2.0% in the second quarter. Highbridge Capital Management LLC now owns 2,142,124 shares of the company’s stock worth $26,991,000 after purchasing an additional 42,618 shares during the period. Vanguard Group Inc. bought a new stake in shares of Pacific Drilling during the second quarter worth $884,000. Tower Research Capital LLC TRC bought a new stake in shares of Pacific Drilling during the second quarter worth $40,000. Finally, BlackRock Inc. bought a new stake in shares of Pacific Drilling during the second quarter worth $17,791,000. Hedge funds and other institutional investors own 86.16% of the company’s stock.
Pacific Drilling Company 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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