The Pacific Drilling S.A. (PACD) shares are trading at lower $0.38 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $6.89 and the low is $0.35. Over the last 52 weeks, PACD is down -94.45% while the S&P 500 is up 1.39%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, PACD reported a profit of $-22.94 million. Pacific Drilling S.A. also saw revenues decrease to $38.91 million. In addition, PACD has free cash flow of -$80.19 million as of 06-2020. The company’s EBITDA came in at -$31.68 million which compares well with its peers.
PACD Return on Equity (ROE) is -45.30%, and its Return on Assets is -23.00%. All told, it is clear that, PACD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PACD has a short ratio of 0.37 and outstanding shares of 75.18M.
PACD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.6 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -7.11. Pacific Drilling S.A. PACD also noted assets of $2.17 billion at the end of the last quarter. Investors should also keep an eye on sector updates as PACD has historically followed its peers on positive news.
All told, Pacific Drilling S.A. PACD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PACD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Pacific Drilling S.A. PACD is now commanding a market cap of 32.23M and a float of 70.80M. PACD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PACD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PACD, either long or short, and we have not been compensated for this article.