Wells Fargo & Company MN Buys Shares of 13,925 Pacific Drilling SA (NYSE:PACD)

Wells Fargo & Company MN bought a new stake in shares of Pacific Drilling SA (NYSE:PACD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,925 shares of the company’s stock, valued at approximately $176,000.

Separately, FMR LLC raised its holdings in shares of Pacific Drilling by 4.0% during the first quarter. FMR LLC now owns 5,949,980 shares of the company’s stock valued at $84,371,000 after acquiring an additional 226,470 shares during the last quarter. Institutional investors own 86.16% of the company’s stock.

PACD stock opened at $3.69 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 7.94 and a current ratio of 8.74. The business has a 50 day simple moving average of $4.97 and a 200-day simple moving average of $10.25. Pacific Drilling SA has a 1 year low of $3.06 and a 1 year high of $3,500.00.

Pacific Drilling (NYSE:PACD) last posted its quarterly earnings results on Monday, August 12th. The company reported ($0.98) earnings per share (EPS) for the quarter. The company had revenue of $76.42 million during the quarter. Pacific Drilling had a negative net margin of 827.68% and a negative return on equity of 133.18%.

Separately, ValuEngine upgraded Pacific Drilling from a “hold” rating to a “buy” rating in a research report on Wednesday, October 2nd.

About Pacific Drilling

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.

Further Reading: Blue-Chip Stocks

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Institutional Ownership by Quarter for Pacific Drilling (NYSE:PACD)

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