The Status of the Vantage Drilling Stock: Is It an Upgrade or a Downgrade?

Vantage Drilling, an international offshore company, is a firm that focuses on the operation of a drilling units’ fleet. The value of shares of this company was assessed by many analysts, including the FBR Capital Markets. Currently, the FBR Capital Markets put a price target of $1.75 on the Vantage Drilling. Compared to their previous $1.85 price target, it is down by $.10.

On the 5^th of August 2014, Vantage Drilling posted its earnings for the quarter. They reported $.05 earnings for every share in this quarter. It is down by $.01  compared to the forecasted consensus estimate of $.06 by the analysts. For this quarter, the company got a total of $219.72 million as its total revenue. It is up by $.32 compared to the consensus estimate of the analysts.

Other analysts other than the FBR also commented of vantage Drilling’s stock. The Pareto Securities downgraded the stock with a hold rating from a buy rating. The Global Hunter Securities downgraded the price target of Vantage Drilling shares to $0.20 from $1.90. Two other analysts commented a hold rating on the stock, whole two other gave it a buy rating. Currently, the stock got Buy as its consensus rating and $1.96 as its average price.