Pacific Drilling S.A. (NYSE:PACD) hit a new 52-week low on Monday . The company traded as low as $0.43 and last traded at $0.43, with a volume of 1,540,485 shares traded. The stock had previously closed at $0.47.

Separately, Zacks Investment Research lowered Pacific Drilling from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.

The firm’s market cap is $8.57 million. The firm has a 50 day moving average price of $0.97 and a 200 day moving average price of $1.70.

Pacific Drilling (NYSE:PACD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($6.48) earnings per share for the quarter, missing the consensus estimate of ($5.58) by $0.90. Pacific Drilling had a negative return on equity of 10.83% and a negative net margin of 52.69%. The business had revenue of $67.07 million during the quarter. Equities research analysts anticipate that Pacific Drilling S.A. will post ($21.77) earnings per share for the current year.

An institutional investor recently raised its position in Pacific Drilling stock. California Public Employees Retirement System lifted its holdings in Pacific Drilling S.A. (NYSE:PACD) by 90.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,610 shares of the oil and gas company’s stock after buying an additional 55,000 shares during the quarter. California Public Employees Retirement System owned approximately 0.54% of Pacific Drilling worth $257,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 6.44% of the company’s stock.

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Pacific Drilling 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.

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