Somewhat Positive News Coverage Somewhat Unlikely to Impact Pacific Drilling (NYSE:PACD) Stock Price
News articles about Pacific Drilling (NYSE:PACD) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. 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 sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.3252730139765 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Pacific Drilling (NYSE:PACD) opened at 0.85 on Tuesday. Pacific Drilling has a 12 month low of $0.74 and a 12 month high of $6.89. The stock’s market cap is $18.13 million. The stock has a 50 day moving average price of $1.40 and a 200-day moving average price of $2.01.
Pacific Drilling (NYSE:PACD) last posted its quarterly earnings data 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 return on equity of 10.83% and a negative net margin of 52.69%. The firm had revenue of $67.07 million during the quarter. On average, analysts expect that Pacific Drilling will post ($20.38) EPS for the current year.
Separately, Zacks Investment Research cut Pacific Drilling from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th.
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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