Pacific Drilling SA (NYSE:PACD) was downgraded by research analysts at TheStreet from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

A number of other research firms have also recently issued reports on PACD. Deutsche Bank AG cut shares of Pacific Drilling SA from a “buy” rating to a “hold” rating and cut their price objective for the stock from $10.00 to $6.00 in a research report on Tuesday, August 9th. Citigroup Inc. reissued a “neutral” rating on shares of Pacific Drilling SA in a research report on Sunday, August 28th. Finally, Zacks Investment Research raised shares of Pacific Drilling SA from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $8.28.

Analyst Recommendations for Pacific Drilling SA (NYSE:PACD)

Shares of Pacific Drilling SA (NYSE:PACD) opened at 3.86 on Tuesday. Pacific Drilling SA has a one year low of $2.80 and a one year high of $13.40. The stock’s 50 day moving average price is $3.56 and its 200-day moving average price is $4.75. The company’s market cap is $81.77 million.

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A number of large investors have recently bought and sold shares of the stock. Credit Suisse AG raised its stake in Pacific Drilling SA by 8.8% in the third quarter. Credit Suisse AG now owns 25,899 shares of the company’s stock valued at $105,000 after buying an additional 2,103 shares during the period. KCG Holdings Inc. raised its stake in shares of Pacific Drilling SA by 30.8% in the third quarter. KCG Holdings Inc. now owns 40,714 shares of the company’s stock valued at $165,000 after buying an additional 9,598 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of 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. Oxford Asset Management bought a new stake in shares of Pacific Drilling SA during the second quarter valued at about $407,000. Finally, Spark Investment Management LLC raised its stake in shares of 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. Hedge funds and other institutional investors own 10.80% of the company’s stock.

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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