Pacific Drilling (PACD) Getting Somewhat Negative Press Coverage, Analysis Finds
Media coverage about Pacific Drilling (NYSE:PACD) has trended somewhat negative on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Pacific Drilling earned a news impact score of -0.04 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.9351399357501 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Pacific Drilling kicked off NYSE (upstreamonline.com)
- Pacific Drilling delisted from NYSE for non-compliance with capitalization criteria (splash247.com)
- NYSE to Suspend Trading in Pacific Drilling (PACD) and Commence Delisting (streetinsider.com)
- Is It The Right Time To Buy Pacific Drilling SA (PACD)? – Yahoo Finance (finance.yahoo.com)
- Pacific Drilling Announces Trading Suspension on the NYSE and Move to Over-the-Counter Market (finance.yahoo.com)
Pacific Drilling (NYSE PACD) traded down 15.9126% during midday trading on Thursday, hitting $0.3773. The stock had a trading volume of 151,805 shares. The stock’s market cap is $8.05 million. The company has a 50-day moving average of $0.81 and a 200-day moving average of $1.62. Pacific Drilling has a 1-year low of $0.37 and a 1-year high of $6.89.
Pacific Drilling (NYSE:PACD) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($6.48) EPS for the quarter, missing the Zacks’ consensus estimate of ($5.58) by ($0.90). Pacific Drilling had a negative net margin of 52.69% and a negative return on equity of 10.83%. The firm had revenue of $67.07 million during the quarter. Equities research analysts forecast that Pacific Drilling will post ($23.01) EPS for the current year.
Separately, Zacks Investment Research cut Pacific Drilling from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th.
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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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