Pacific Drilling (PACDQ) & Its Rivals Financial Analysis
Pacific Drilling (OTCMKTS: PACDQ) is one of 17 publicly-traded companies in the “Oil & Gas Drilling” industry, but how does it weigh in compared to its rivals? We will compare Pacific Drilling to similar businesses based on the strength of its earnings, institutional ownership, analyst recommendations, risk, profitability, dividends and valuation.
Earnings and Valuation
This table compares Pacific Drilling and its rivals top-line revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|Pacific Drilling||$769.47 million||-$37.15 million||-0.03|
|Pacific Drilling Competitors||$1.59 billion||-$49.50 million||0.64|
Pacific Drilling’s rivals have higher revenue, but lower earnings than Pacific Drilling. Pacific Drilling is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
Volatility and Risk
Pacific Drilling has a beta of 3.21, suggesting that its stock price is 221% more volatile than the S&P 500. Comparatively, Pacific Drilling’s rivals have a beta of 2.19, suggesting that their average stock price is 119% more volatile than the S&P 500.
Institutional & Insider Ownership
0.4% of Pacific Drilling shares are held by institutional investors. Comparatively, 72.7% of shares of all “Oil & Gas Drilling” companies are held by institutional investors. 2.2% of shares of all “Oil & Gas Drilling” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company is poised for long-term growth.
This is a summary of recent ratings and target prices for Pacific Drilling and its rivals, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Pacific Drilling Competitors||496||1565||1262||58||2.26|
As a group, “Oil & Gas Drilling” companies have a potential upside of 13.86%. Given Pacific Drilling’s rivals higher possible upside, analysts clearly believe Pacific Drilling has less favorable growth aspects than its rivals.
This table compares Pacific Drilling and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Pacific Drilling Competitors||-17.17%||-4.72%||-1.12%|
Pacific Drilling rivals beat Pacific Drilling on 7 of the 9 factors compared.
About Pacific Drilling
Pacific Drilling S.A. 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. The Company is engaged in drillships segment. The Company focuses on the high-specification segment of the floating rig market. The Company considers high-specification requirements to include rigs in water depths of approximately 7,500 feet or projects requiring advanced operating capabilities, such as hook-loads (>800 tons), accommodations (over 200 beds), mud storage and pumping capacity, and deck-load and space capabilities. The Company’s contract drillships operate in the deepwater regions of the United States, Gulf of Mexico and Nigeria.
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