A statement released earlier today by Zacks Investment Research about Pacific Drilling SA (NYSE:PACD) bumps the target price to $4.25
- Updated: October 14, 2016
Boasting a price of $3.77, Pacific Drilling SA (NYSE:PACD) traded 2.45% higher on the day. The last closing price is down -25.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. PACD has recorded a 50-day average of $3.59 and a two hundred day average of $5.09. Trade Volume was down over the average, with 151,404 shares of PACD changing hands under the typical 285,135
Zacks Investment Research raised the target price of Pacific Drilling SA (NYSE:PACD) to $4.25 stating a potential upside of 0.13%.
Recent Performance Chart
Pacific Drilling SA has PE ratio of 2.40 with a one year low of $3.00 and a one year high of $17.80 and has a market capitalization of $0.
A total of 12 analysts have released a report on Pacific Drilling SA. zero analysts rating the company a strong buy, one analyst rating the company a buy, ten analysts rating the company a hold, two analysts rating the company a underperform, and finally two analysts rating the company a sell with a 12-month price target of $1.13.
General Company Details For Pacific Drilling SA (NYSE:PACD)
Pacific Drilling S.A. is an international offshore drilling contractor. The Company 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 Company is engaged in drillships segment. The Company focuses on the high-specification segment of the floating rig market. The Company 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. The Company's contract drillships operate in the deepwater regions of the United States, Gulf of Mexico and Nigeria.
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