Brokerages expect Pacific Drilling S.A. (NYSE:PACD) to announce earnings of ($5.24) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Pacific Drilling’s earnings. Pacific Drilling reported earnings per share of $0.01 in the same quarter last year, which would suggest a negative year over year growth rate of 52,500%. The company is scheduled to issue its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Pacific Drilling will report full year earnings of ($22.79) per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($23.01) per share. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Pacific Drilling.

Pacific Drilling (NYSE:PACD) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($6.48) EPS for the quarter, missing analysts’ consensus estimates of ($5.58) by $0.90. The business had revenue of $67.07 million during the quarter. Pacific Drilling had a negative net margin of 52.69% and a negative return on equity of 10.83%.

Separately, Zacks Investment Research upgraded shares of Pacific Drilling from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.

A hedge fund recently raised its stake in Pacific Drilling stock. California Public Employees Retirement System boosted its stake in Pacific Drilling S.A. (NYSE:PACD) by 90.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,610 shares of the oil and gas company’s stock after buying an additional 55,000 shares during the period. California Public Employees Retirement System owned 0.54% of Pacific Drilling worth $257,000 at the end of the most recent quarter. Institutional investors own 6.44% of the company’s stock.

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Shares of Pacific Drilling (NYSE:PACD) traded up 0.23% on Tuesday, reaching $0.48. The company had a trading volume of 92,680 shares. The company has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.86. The firm’s market capitalization is $10.24 million. Pacific Drilling has a 52-week low of $0.45 and a 52-week high of $6.89.

About Pacific Drilling

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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