Vantage Drilling Company: SELL

Vantage Drilling Company VTG has started issuing equity after telling investors it would not, and this is expected to continue as long as the company is a stand alone equity, according to Pritchard Capital Partners. As a result, Pritchard reiterates its "sell" rating, and values the price target at $0.75. Vantage Drilling Company closed yesterday at $1.08.