Guggenheim Initiates Coverage on Pacific Drilling S (PACD)

By admin | 6 years ago

Equities research analysts at Guggenheim initiated coverage on shares of Pacific Drilling S (NASDAQ: PACD) in a research note issued to investors on Tuesday. The firm set a “buy” rating on the stock.

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.

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