Somewhat Negative Media Coverage Somewhat Unlikely to Affect Pacific Drilling SA (PACD) Stock Price
Media coverage about Pacific Drilling SA (NYSE:PACD) has trended somewhat negative on Monday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pacific Drilling SA earned a coverage optimism score of -0.06 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 46.1339470199813 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Pacific Drilling SA (PACD) traded down 15.9126% during trading on Monday, reaching $0.3773. 151,805 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $0.65 and its 200-day moving average price is $1.54. Pacific Drilling SA has a one year low of $0.37 and a one year high of $6.89. The stock’s market cap is $8.05 million.
Pacific Drilling SA (NYSE:PACD) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported ($6.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($5.58) by ($0.90). Pacific Drilling SA had a negative net margin of 94.63% and a negative return on equity of 15.30%. The company had revenue of $67.07 million during the quarter. On average, equities analysts anticipate that Pacific Drilling SA will post ($23.01) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Pacific Drilling SA from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
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Pacific Drilling SA 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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