Precision Drilling Corporation (PDS)

13 October, 2017, 20:50 | Author: Regina Silva

Precision Drilling Corporation (Precision) is an oilfield services company.

In the past 5 years, the stock showed growth of -11.12% per annum.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.36 and with a conservative view have low price target of $2.39. The company's a year ago sales total was 160510.

Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment.

Additionally on 9/18/17 PiperJaffray "Upgrades" Precision Drilling Corp (NYSE:PDS) to Overweight setting price target at $0 and on 9/12/17 JP Morgan "Downgrades" the stock to Neutral at $0. Ferguson Wellman Capital Management Inc. boosted its stake in Precision Drilling Corporation by 1.0% in the second quarter. Finally, AXA grew its position in Precision Drilling Corporation by 118.2% in the 1st quarter. If you are viewing this article on another domain, it was illegally copied and republished in violation of US and worldwide trademark and copyright law. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned "Buy" rating by Cowen & Co on Friday, July 7.

A number of equities research analysts have commented on PDS shares.

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Many analysts are providing their Estimated Earnings analysis for Precision Drilling Corporation and for the current quarter 16 analysts have projected that the stock could give an Average Earnings estimate of $-0.09/share. They issued a "buy" rating on the stock.

TRADEMARK VIOLATION WARNING: "Royal Bank of Canada Has $17.08 Million Position in Precision Drilling Corporation (PDS)" was first reported by StockNewsTimes and is the property of of StockNewsTimes.

Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 9 Hold. Finally, Deutsche Bank AG started coverage on shares of Precision Drilling Corporation in a research note on Tuesday. Credit Suisse has "Neutral" rating and $4.50 target. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. As per Wednesday, September 6, the company rating was maintained by Jefferies.

Recent insider trends for Precision Drilling Corporation (NYSE:PDS) have caught the attention of investors. 376,165 shares of the company were exchanged. The company's 50-day moving average is $2.80 and its 200-day moving average is $3.39. The company has market cap of $762.93 million. Precision Drilling Corporation has $8.35 highest and $2 lowest target. (TSE PD) opened at 3.23 on Thursday.

Investors wait Precision Drilling Corp (USA) (NYSE:PDS) to report on October, 20. its quarterly earnings Wall Street analysts expect $-0.09 EPS, up $0.04 or 30.77 % from last year's $-0.13 same quarter earnings.

In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for Precision Drilling Corporation as 263.57 Million. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. Precision Drilling Corporation's revenue was up 68.0% on a year-over-year basis. These analysts have also projected a Low Estimate of $-0.14/share and a High Estimate of $-0.06/share. Analysts forecast that Precision Drilling Corporation will post ($0.32) EPS for the current fiscal year. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

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