Brokerage Firm Rating Update on Pacific Drilling S.A. (PACD)

Pacific Drilling S.A. (PACD) : Zacks Investment Research ranks Pacific Drilling S.A. (PACD) as 3, which is a Hold recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.86, which indicates as a Sell.

Pacific Drilling S.A. (PACD) : The highest level Pacific Drilling S.A. (PACD) is projected to reach is $6 for the short term and the lowest estimate is at $3. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $4.38 and the possibility the share price can swing is $1.38.


The shares have received a consensus rating of Sell for the current week Also, Deutsche Bank downgrades its rating on Pacific Drilling S.A. (NYSE:PACD). Analysts at the Deutsche Bank have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on August 9, 2016.

Pacific Drilling S.A. (NYSE:PACD): The stock was completely flat for the day, closing at $3.35 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $3.31, the stock touched an intraday high of $3.59 and a low of $3.30. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $3.35. The total trading volume on Wednesday was 476,037.

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.

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