Deutsche Bank Starts Pacific Drilling S.A. (PACD) at Buy; Pure Play Deepwater Driller

Article Stock Quotes (1) Comments (0)

Deutsche Bank initiates coverage on Pacific Drilling S.A. (NYSE: PACD) with a Buy. PT $11.00.

Deutsche analyst says, "As one of only two pure-play deepwater drillers, PACD is a unique play on both improving near-term fundamentals and one of the best secular growth stories in the industry. With a fleet of six ultra-deep drillships (four delivered and two to be delivered in 2013), PACD has both the youngest and the most targeted fleet in the industry. PACD is well positioned to benefit from rising deepwater dayrates and limited near-term supply growth."

For an analyst ratings summary and ratings history on Pacific Drilling S.A. click here. For more ratings news on Pacific Drilling S.A. click here.

Shares of Pacific Drilling S.A. closed at $8.94 yesterday, with a 52 week range of $7.69-$8.99.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Deutsche Bank Starts Kodiak Oil & Gas (KOG) at Hold
• Deutsche Bank Resumes CenterPoint Energy (CNP) at Hold
• Deutsche Bank Starts Alnylam Pharmaceuticals (ALNY) at Buy

Create E-mail Alert Related Categories

New Coverage

Related Entities

Deutsche Bank

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?