Pacific Drilling SA (NYSE:PACD) Marks Fourth Quarter

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Dallas, Texas 02/06/2014 (FINANCIALSTRENDS) Pacific Drilling SA (NYSE:PACD) is located in Luxembourg and is best known for the bespoke drill ships, operated by some of the most experienced professionals in the industry for Ultra deep water drilling.  Pacific Drilling has on Feb 4, 2013 reported fourth quarter release dates as Feb 25, 2014. The announcements will be made through the conference call conducted to US CST and will provide complete results for the fourth quarter as well as full year results for 2013.

Pacific Drilling SA (NYSE:PACD) currently trades at $9.74 on the NYSE and is known to have a 52 week high of $12.25 and 52 week low of $8.89. EPS reported thus far is 0.07 while the PE stands at 130.00. the value in the market for this ultra-deep water drilling company is $2.11 billion. Volume trade for the company is reported at 314,184.

Analysts reveal mixed reports.

However, analysts watching Pacific Drilling SA (NYSE:PACD) hold mixed reports on this stock.

Raymond James is bearish on the offshore drilling sector and has cut back on estimates into 2015 for this segment. EPS is approximated to 18% and is expected to follow a cycle where the phase is indicated to slow down. According to the analyst, the offshore drilling industry needs to show some changes for movement. First floater and fleets need to be refurbished, preferably in the next 3 years for higher optimization in terms of utility. There is high expectation that the forward development would improve by 2017 following good supply and demand trends.

Pacific Drilling SA (NYSE:PACD) owns a fleet of eight of the most sophisticated drillships in the category. In terms of technology or the skilled technicians and professionals handling the contractual drilling are one of the youngest. Of the eight 5 of the drill ships are deployed for client use and other three are contracted to Samsung.

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