Best Stocks to Buy Now – Pacific Drilling Company (PACD)
Pacific Drilling Company (PACD) is a an offshore drilling contractor specializing in ultra-deepwater drilling. PACD currently has six drill ships operating in the Gulf of Mexico, Brazil, Mexico and Nigeria. Two new drill ships are currently under construction. As the new drill ships come on line this year and next, it should boost profitability substantially, and analysts expect PACD to post huge year over year increases starting in 2015.
Pacific Drilling has grown revenues for five quarters in a row and is generating record high levels of cash flow and EBITDA so far this year.
PACD stock currently is trading at just 93% of book value, and the company earns an F-score of 7. Investors have started to notice this undervalued company and the share s have been outperforming the overall market lately.