Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Pacific Drilling (PACD) Stock Price

Media stories about Pacific Drilling (NYSE:PACD) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Pacific Drilling earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 46.5156338347155 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern’s rankings:

• Pacific Drilling S.A. (NYSE:PACD) Sees Light Trading Volume with 35K Shares Changing Hands (highlightpress.com)
• Bounding Shares, What’s Next for Pacific Drilling S.A. (NYSE:PACD … – FLBC News (flbcnews.com)
• Pacific Drilling Services, Inc (scrapmonster.com)
• Pacific Drilling SA (PACD) – Investors Roundup – Wall Street Morning (wallstreetmorning.com)
• Pacific Drilling SA (NYSE:PACD) Trading Volume Significantly Lower – Modern Readers (modernreaders.com)

Shares of Pacific Drilling (NYSE:PACD) opened at 0.7058 on Monday. Pacific Drilling has a 52 week low of $0.65 and a 52 week high of $6.89. The firm’s 50-day moving average is $1.29 and its 200 day moving average is $1.95. The firm’s market capitalization is $15.05 million.

Pacific Drilling (NYSE:PACD) last posted its earnings results on Thursday, August 3rd. The oil and gas company reported ($6.48) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($5.58) by $0.90. The firm had revenue of $67.07 million during the quarter. Pacific Drilling had a negative return on equity of 10.83% and a negative net margin of 52.69%. Equities research analysts forecast that Pacific Drilling will post ($20.38) EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Pacific Drilling from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

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About Pacific Drilling

Pacific Drilling SA 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. The Company’s 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.