Guggenheim Initiates Coverage on Pacific Drilling S (PACD)
Separately, analysts at Morgan Stanley (NYSE: MS) downgraded shares of Pacific Drilling S from an “overweight” rating to an “equal weight” rating in a research note to investors on Tuesday, February 28th.
Shares of Pacific Drilling S traded up 0.45% during mid-day trading on Tuesday, hitting $8.94. Pacific Drilling S has a 52 week low of $7.69 and a 52 week high of $11.47. The company’s market cap is $1.939 billion.
Pacific Drilling SA is a Luxembourg-based ultra-deepwater oil drilling company. The Company’s fleet consists of six ultra-deepwater drill ships, such as Pacific Bora, Pacific Mistral, Pacific Scirocco, Pacific Santa Ana, Pacific Khamsin and Pacific Sharav.