Pacific Drilling (NYSE:PACD) Trading 17.5% Higher

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

The company has a quick ratio of 7.94, a current ratio of 8.74 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $8.10 and its 200 day simple moving average is $12.80.

A number of institutional investors have recently made changes to their positions in PACD. Bank of Montreal Can bought a new position in Pacific Drilling in the second quarter worth about $31,000. Tower Research Capital LLC TRC bought a new position in Pacific Drilling in the second quarter worth about $40,000. Susquehanna International Group LLP bought a new position in Pacific Drilling in the second quarter worth about $133,000. Trexquant Investment LP bought a new position in Pacific Drilling in the second quarter worth about $137,000. Finally, Wells Fargo & Company MN bought a new position in Pacific Drilling in the second quarter worth about $176,000. 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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