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Precision Drilling Corp (PDS) Has Stock More Room to Run
12 August 2017, 11:50 | Kelvin Horton
The stock's quarterly performance set out a shift of 1.82% and pick out performance of 0.99% over last twelve months. For the current year the company's revenue estimates are $1.05 Billion compared to low analyst estimates of $1.01 Billion and high estimates of $1.1 Billion according to 15 number of analysts. The legal version of this article can be accessed at https://sportsperspectives.com/2017/08/12/precision-drilling-corporation-pds-expected-to-post-q2-2018-earnings-of-0-09-per-share-updated.html.
Precision Drilling Co. has a 52-week low of $3.57 and a 52-week high of $8.21.
Other analysts have also recently issued reports about the company. Finally, CIBC upped their price objective on shares of Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. Cormark analyst J. Zhang anticipates that the oil and gas company will post earnings per share of ($0.09) for the quarter. Precision Drilling Corporation now has an average rating of "Buy" and an average price target of $6.21. During the same quarter in the previous year, the firm earned ($0.20) EPS. Cowen and Company restated a buy rating and set a $5.00 price target on shares of Precision Drilling Corporation in a report on Tuesday, July 11th.
Additionally on 6/21/17 Morgan Stanley "Downgrades" Precision Drilling Corp (NYSE:PDS) to Equal-Weight setting price target at $0 and on 4/26/17 Raymond James "Upgrades" the stock to Outperform at $0. The oil and gas company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07, Morningstar.com reports. Precision Drilling Corporation had a negative return on equity of 8.10% and a negative net margin of 16.02%. The stock has an average rating of "Buy" and a consensus price target of $6.21.
6/29/2017 - Precision Drilling Corporation was downgraded by analysts at Piper Jaffray Companies from an "overweight" rating to a "neutral" rating. Precision Drilling Corporation had 41 analyst reports since July 24, 2015 according to SRatingsIntel. Lastly, Wolfe analysis cut Precision Drilling Corporation from an "outperform" recommendation to a "market perform" recommendation in a study on Tue, Jun 6th. If you are viewing this article on another domain, it was stolen and republished in violation of US and global trademark & copyright law. The stock's market cap is $875.32 million. The firm's revenue was up 68.0% compared to the same quarter a year ago. Finally, Winch Advisory Services LLC increased its position in shares of Precision Drilling Corporation by 70.4% in the first quarter. Franklin Resources Inc. raised its stake in shares of Precision Drilling Corporation by 44.6% in the second quarter. Franklin Resources Inc. now owns 44,803,597 shares of the oil and gas company's stock valued at $153,112,000 after buying an additional 13,815,928 shares during the period. Quantbot Technologies LP acquired a new stake in Precision Drilling Corporation during the first quarter valued at $102,000. Creative Planning raised its stake in Precision Drilling Corporation by 2,814.8% in the first quarter. Institutional investors own 63.17% of the company's stock. Parametric Portfolio Associates LLC increased its position in shares of Precision Drilling Corporation by 140.0% in the first quarter. Princeton Alpha Management LP has an ownership of 37,809 stocks of the oil and gas firms shares valued at $178,000 after scooping up an extra 5,861 shares through out the quarter. 1 investment expert has recommended the share with a sell recommendation, around seven have issued a hold recommendation, nine have published a buy recommendation and two has issued a strong buy recommendation to the share.
In terms of Buy, Sell or Hold recommendations, Precision Drilling Corp (NYSE:PDS) has analysts' mean recommendation of 2.1. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.
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