Pacific Drilling S.A. (NYSE:PACD) reached a new 52-week low on Wednesday . The stock traded as low as $0.72 and last traded at $0.72, with a volume of 101,860 shares. The stock had previously closed at $0.76.

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

The company’s market capitalization is $14.71 million. The firm has a 50 day moving average of $1.38 and a 200-day moving average of $1.99.

Pacific Drilling (NYSE:PACD) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($6.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($5.58) by $0.90. The firm 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%. On average, analysts forecast that Pacific Drilling S.A. will post ($20.38) EPS for the current fiscal year.

A hedge fund recently raised its stake in Pacific Drilling stock. California Public Employees Retirement System boosted its stake in shares of Pacific Drilling S.A. (NYSE:PACD) by 90.7% during the first quarter, according to its most recent 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 period. California Public Employees Retirement System owned 0.54% of Pacific Drilling worth $257,000 as of its most recent SEC filing. 6.26% of the stock is owned by hedge funds and other institutional investors.

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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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