Trading volume for Pacific Drilling S.A. was 0 by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 100.00% under the normal average daily volume.
These funds have shifted positions in (PACD). Norges Bank downsized its holdings by shedding 98,900 shares a decrease of 21.7%. Norges Bank currently owns 356,011 shares with a value of $174,000. The value of the position overall is down by 69.4%. Citadel Advisors LLC divested its ownership by selling 707,036 shares a decrease of 96.8% from 03/31/2016 to 06/30/2017. Citadel Advisors LLC now holds 23,634 shares worth $40,000. The total value of its holdings decreased 88.8%.
The company is now down from yesterday’s close of $0.38. It is trading at $0.38 which is significantly lower than the 50 day moving average of $0.50 and which is well below the 200 day moving average of $1.46. The 50 day moving average was down by -24.8834% whereas the 200 day moving average was down $-1.09 or -74.2193%.
In the last earnings report the EPS was $-13.22 and is expected to be $-23.01 for the current year with 21,325,000 shares now outstanding. Analysts expect next quarter’s EPS to be $-5.30 with next year’s EPS projected to be $-18.74.
Pacific Drilling S.A., launched on March 22, 2011, is an international offshore drilling contractor. The Company provides offshore drilling services to the oil and natural gas industry through the use of high-specification rigs. Its primary business is to contract its high-specification rigs, related equipment and work crews, primarily on a day rate basis, to drill wells for its clients. The Company is involved in drillships segment. The Company is primarily focused on the high-specification segment of the floating rig market. The Company generally considers high-specification requirements to include rigs in water depths of approximately 7,500 feet or projects requiring advanced operating capabilities, such as hook-loads (>800 tons), accommodations (over 200 beds), mud storage and pumping capacity, and deck-load and space capabilities..