Pacific Drilling S.A. [NYSE:PACD] price is worthing noting Friday. The current price is $0.28 with a high of $0.3442 and $0.2835. Analysts see the the current price target is $0.10.
To ground this price against the rest of the market, over the last two 52 weeks, the company is trading -90.89%, while the S&P 500 is trading 1.11%. Traders should note that the company’s next earning date is 11/09/2020. The company has price per sales of 0.09.
The Bears are coming
Holding a Market Cap of $20.32 million, Pacific Drilling S.A. has seen a trading range over the last year of $0.20-$6.65.
For the last five days, PACD is up from its last closing price. The average shares trading hands each day is 6.78M, with average 10-day volume coming in at 24.48 million.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for PACD. When we apply the Elder Force Index to Pacific Drilling S.A., we are seeing an Elder Force Indicator number of -75061.8.
Recent Performance
The company’s enterprise value has gone from $896.03M to $827.45M quarter-over-quarter. Obviously, the company is heading in the wrong direction, but there are still opportunities for growth in the sector.
In the last quarter, PACD made a profit of -22.94 million. Pacific Drilling S.A. also saw quarter revenue growth year over year of -13.25%. In addition, the company has operating cash flow of -$88.54 million.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 0.2747 compared to the 50-day moving average of 0.2538. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. PACD currently holds a 9-day RSI of 54.55%, while 100-day RSI stands at 47.57%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. PACD’s 9-day MACD is 0.0166 and the company’s 100-day MACD stands at -0.1104.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 6.65% by insiders and 95.35% by institutions.
Conclusion
Overall, the recommended rating for PACD is Moderate Buy. Currently, the company has 4 analysts watching the stock, and the average quarterly earnings estimate is -0.96. Quarterly revenue estimates are averaging 32.5M with the high estimate reaching 36M and the low at 27M.
