Pacific Drilling (NYSE:PACD) Stock Price Up 17.5%

Pacific Drilling SA (NYSE:PACD)’s stock price rose 17.5% during mid-day trading on Monday . The stock traded as high as $5.39 and last traded at $5.37, approximately 127,944 shares changed hands during trading. An increase of 71% from the average daily volume of 74,895 shares. The stock had previously closed at $4.57.

The firm has a fifty day simple moving average of $8.38 and a two-hundred day simple moving average of $12.90. The company has a debt-to-equity ratio of 0.72, a quick ratio of 6.90 and a current ratio of 8.74.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE purchased a new position in Pacific Drilling during the 4th quarter valued at approximately $1,646,000. NYL Investors LLC purchased a new position in Pacific Drilling during the 1st quarter valued at approximately $2,111,000. FMR LLC grew its holdings in Pacific Drilling by 4.0% during the 1st quarter. FMR LLC now owns 5,949,980 shares of the company’s stock valued at $84,371,000 after buying an additional 226,470 shares in the last quarter. Vanguard Group Inc. purchased a new position in Pacific Drilling during the 2nd quarter valued at approximately $884,000. Finally, Northern Trust Corp purchased a new position in Pacific Drilling during the 2nd quarter valued at approximately $316,000. Institutional investors and hedge funds own 85.70% of the company’s stock.

Pacific Drilling Company Profile (NYSE:PACD)

Pacific Drilling SA, together with its subsidiaries, operates as an offshore drilling contractor. It provides offshore drilling services to the oil and natural gas industry. The company contracts its fleet of rigs to drill wells for its customers. It has a fleet of seven drillships. The company was founded in 2006 and is headquartered in Houston, Texas.

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