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Pacific Drilling S.A. Message Board

  • momtil1923 momtil1923 Mar 7, 2013 4:56 PM Flag

    What's the reason?

    Why no interest in this driller?

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    • The reason most likely seems to be because of The Street's low rating on the stock.
      I am very interested in opening a long position in this company, it could be a 80-90 $ stock in a couple of years.

      From The Street "
      The company, on the basis of change in net income from the same quarter one year ago, has underperformed
      when compared to that of the S&P 500 and the Energy Equipment & Services industry average. The net
      income has decreased by 17.9% when compared to the same quarter one year ago, dropping from $18.35
      million to $15.06 million.
      Compared to where it was 12 months ago, the stock is up, but it has so far lagged the appreciation in the S&P
      500. Looking ahead, the stock's rise over the last year has already helped drive it to a level which is relatively
      expensive compared to the rest of its industry, implying reduced upside potential.
      PACIFIC DRILLING SA's earnings per share declined by 12.5% in the most recent quarter compared to the
      same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is
      poised for EPS growth in the coming year. During the past fiscal year, PACIFIC DRILLING SA increased its
      bottom line by earning $0.16 versus $0.06 in the prior year. This year, the market expects an improvement in
      earnings ($0.27 versus $0.16).
      PACD's debt-to-equity ratio of 0.94 is somewhat low overall, but it is high when compared to the industry
      average, implying that the management of the debt levels should be evaluated further. Despite the fact that
      PACD's debt-to-equity ratio is mixed in its results, the company's quick ratio of 1.62 is high and demonstrates
      strong liquidity.
      Compared to other companies in the Energy Equipment & Services industry and the overall market, PACIFIC "

    • It's puzzling alright. Must be due to the fact that they only have 5 or so drill ships. Newest fleet out there however, with another one being built. In time PACD should have nice performance.

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