X
<

Exploring Pacific Drilling's 3Q16 Results and What's to Come

PART:
1 2 3 4 5 6
Part 6
Exploring Pacific Drilling's 3Q16 Results and What's to Come PART 6 OF 6

Have Analysts Changed Their Recommendations for PACD after 3Q16?

No upgrade downgrades

After Pacific Drilling (PACD) released its 3Q16 earnings, no Wall Street analysts either upgraded or downgraded its stock, unlike Diamond Offshore (DO) and Rowan Companies (RDC). 

Diamond Offshore was upgraded by Capital One and Swedbank following its 3Q16 results. Rowan Companies was upgraded by Société Générale after its 3Q16 earnings.

Have Analysts Changed Their Recommendations for PACD after 3Q16?

Analysts’ recommendations

Of the 15 analysts covering Pacific Drilling, 7% have given it “buy” recommendations, 40% have given it “holds,” and 53% have given it “sells.” 

The average target price for Pacific Drilling is $3, compared to its current price of $3.13 as of November 10, 2016. This implies a potential downside of 4%.

Peers’ recommendations

Below are analysts’ recommendations for other offshore drilling companies (OIH):

  • Transocean (RIG): 11% of analysts recommend a “buy,” 43% a “hold,” and 46% a “sell.”
  • Seadrill (SDRL): 0% of analysts recommend a “buy,” 22% a “hold,” and 78% a “sell.”
  • Atwood Oceanics (ATW): 10% of analysts recommend a “buy,” 55% a “hold,” and 35% a “sell.”
  • Ocean Rig (ORIG): 0% of analysts recommend a “buy,” 12% a “hold,” and 88% a “sell.”
  • Noble (NE): ~15% gave the company a “buy,” 54% gave it a “hold,” and 31% gave it a “sell.”
  • Rowan Companies (RDC), 22% gave it a “buy,” 62% gave it a “hold,” and 16% gave it a “sell.”

Interested in ATW? Receive notifications on the latest research and sign up for a Market Realist account in one simple step:

Suceess! Your Market Realist account has been created and you’ll receive email alerts on the latest research. Check your email for your temporary account password.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Click here to manage subscriptions.

X

Please select a profession that best describes you: