Shares of Pacific Drilling SA (NYSE:PACD) have been assigned an average rating of “Hold” from the eighteen brokerages that are presently covering the firm. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $6.28.

PACD has been the subject of several recent research reports. Wells Fargo & Co. downgraded Pacific Drilling SA from a “market perform” rating to an “underperform” rating in a report on Monday, July 18th. Evercore ISI began coverage on Pacific Drilling SA in a report on Wednesday, June 29th. They set a “hold” rating and a $9.00 price target for the company. Deutsche Bank AG downgraded Pacific Drilling SA from a “buy” rating to a “hold” rating and decreased their price target for the stock from $10.00 to $6.00 in a report on Tuesday, August 9th. Citigroup Inc. reiterated a “neutral” rating on shares of Pacific Drilling SA in a report on Sunday, August 28th. Finally, Zacks Investment Research upgraded Pacific Drilling SA from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th.

Hedge funds and other institutional investors have recently modified their holdings of the stock. KCG Holdings Inc. purchased a new position in shares of Pacific Drilling SA during the second quarter worth approximately $225,000. Oxford Asset Management purchased a new position in shares of Pacific Drilling SA during the second quarter worth approximately $407,000. Renaissance Technologies LLC boosted its position in shares of Pacific Drilling SA by 96.6% in the first quarter. Renaissance Technologies LLC now owns 826,300 shares of the company’s stock worth $405,000 after buying an additional 405,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Pacific Drilling SA by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 4,177,834 shares of the company’s stock worth $2,047,000 after buying an additional 14,767 shares in the last quarter. 15.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pacific Drilling SA (NYSE:PACD) opened at 3.63 on Monday. Pacific Drilling SA has a one year low of $3.00 and a one year high of $17.80. The firm’s 50-day moving average price is $3.60 and its 200 day moving average price is $5.10. The firm has a market cap of $76.89 million, a P/E ratio of 2.31 and a beta of 2.47.

Pacific Drilling SA (NYSE:PACD) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.19) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.75) by $0.56. Pacific Drilling SA had a return on equity of 2.60% and a net margin of 3.54%. Analysts predict that Pacific Drilling SA will post ($2.92) EPS for the current year.

Pacific Drilling SA Company Profile

Pacific Drilling SA 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.

5 Day Chart for NYSE:PACD

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