Shares of Pacific Drilling SA (NYSE:PACD) have been assigned an average rating of “Hold” from the eighteen analysts that are currently covering the stock. Two research analysts have rated the stock with a sell recommendation, fifteen have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $6.28.

A number of analysts recently commented on the company. Citigroup Inc. reiterated a “neutral” rating on shares of Pacific Drilling SA in a research report on Sunday, August 28th. Zacks Investment Research upgraded Pacific Drilling SA from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a research report on Saturday, October 15th. Finally, Deutsche Bank AG lowered Pacific Drilling SA from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $10.00 to $6.00 in a research report on Tuesday, August 9th.

Shares of Pacific Drilling SA (NYSE:PACD) opened at 3.77 on Monday. The stock has a 50 day moving average of $3.60 and a 200-day moving average of $4.85. Pacific Drilling SA has a 52-week low of $2.80 and a 52-week high of $13.90. The stock’s market capitalization is $79.86 million.

A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in 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 valued at $2,047,000 after buying an additional 14,767 shares during the last quarter. Oxford Asset Management purchased a new stake in Pacific Drilling SA during the second quarter valued at approximately $407,000. KCG Holdings Inc. purchased a new stake in Pacific Drilling SA during the second quarter valued at approximately $225,000. Spark Investment Management LLC boosted its stake in Pacific Drilling SA by 53.5% in the third quarter. Spark Investment Management LLC now owns 363,700 shares of the company’s stock valued at $1,476,000 after buying an additional 126,800 shares during the last quarter. Finally, Compagnie Lombard Odier SCmA boosted its stake in Pacific Drilling SA by 550.0% in the third quarter. Compagnie Lombard Odier SCmA now owns 32,500 shares of the company’s stock valued at $132,000 after buying an additional 27,500 shares during the last quarter. Hedge funds and other institutional investors own 15.13% of the company’s stock.

About Pacific Drilling SA

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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