Pacific Drilling S.A. (PACD) : The most positive equity analysts on Pacific Drilling S.A. (PACD) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $3 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $4.38 with an expected fluctuation of $1.38 from the mean.
Pacific Drilling S.A. (PACD) has an average broker rating of 3.86, which is interpreted as a Sell, as rated by 7 equity analysts. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Also, Deutsche Bank downgrades their rating on the shares of Pacific Drilling S.A. (NYSE:PACD). The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 9, 2016.
Pacific Drilling S.A. (NYSE:PACD): The stock opened at $3.10 on Thursday but the bulls could not build on the opening and the stock topped out at $3.18 for the day. The stock traded down to $3.01 during the day, due to lack of any buying support eventually closed down at $3.05 with a loss of -2.87% for the day. The stock had closed at $3.14 on the previous day. The total traded volume was 341,226 shares.
Pacific Drilling S.A. is an international offshore drilling Company. The Company is a provider of ultra-deep water drilling services to the oil and natural gas industry through the use of high-specification drilling rigs. The Companys primary business is to contract its ultra-deep water drilling rigs, related equipment and work crews, primarily on a dayrate basis, to drill wells for its customers. The Company is primarily focused on the ultra-deep water market. The Company considers ultra-deep water to begin at water depths of more than 7,500 feet and to extend to the maximum water depths, in which rigs are capable of drilling, which is approximately 12,000 feet.