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Precision Drilling Corp (PDS) Cut to Hold at Zacks Investment Research

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13 May, 2017

Precision Drilling Corp posted sales of $127.22 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 55.9%.

Analysts await Howard Bancorp Inc (NASDAQ:HBMD) to report earnings on July, 20.

The company has mean EPS estimate of -0.1 reported by 16 number of analyst for the quarter.

Precision Drilling Corp (NYSE:PDS) last posted its earnings results on Monday, April 24th. The oil and gas company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.05. The Return on Investment (ROI) ratio of Precision Drilling Corporation (PDS) is -0.1 percent. The company had revenue of $346.80 million for the quarter, compared to the consensus estimate of $345.06 million. During the same period past year, the firm earned ($0.07) earnings per share. The company reported revenue of $214.07 Million in the same period previous year. This is based on the research brokerage reports taken into consideration by Thomson Reuters.

Stock research firms now have a positive stance on shares of Precision Drilling Corporation (NYSE:PDS). Raymond James Financial, Inc. upgraded shares of Precision Drilling Corp from an "underperform" rating to a "market perform" rating and set a $6.30 target price on the stock in a report on Friday, February 10th. Currently, the stock is -27.65% from its 50-Day High and 8.22% from the 50-day low. JPMorgan Chase & Co. upgraded Precision Drilling Corp from a "neutral" rating to an "overweight" rating in a report on Friday, February 3rd. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating on the company.

Precision Drilling Corporation (PDS) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 2.19 P/E and the sector P/E is 17.2.

The share of Precision Drilling Corporation (PDS) now has a value of $3.67 while the company's 52 week low is at $3.51, the shares dropped to the 52 week low on 09/27/16. Overall, 2.46 Million shares exchanged hands versus its average trading volume of 2.75 Million shares. According to these analysts, the Low Revenue Estimate for Precision Drilling Corporation is 188.21 Million and the High Revenue Estimate is 226.73 Million. KOS having beta value of 1.59 and second company's beta stand at 1.59.

The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages.

Several hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Precision Drilling Corp during the first quarter worth $102,000. Precision Drilling Corp earned a coverage optimism score of -0.04 on Alpha One's scale. 1832 Asset Management L.P. now owns 22,016,410 shares of the oil and gas company's stock worth $91,968,000 after buying an additional 12,446,668 shares during the last quarter. Systematic Financial Management LP raised its position in shares of Precision Drilling Corp by 21.0% in the fourth quarter. Comerica Bank now owns 34,183 shares of the oil and gas company's stock valued at $186,000 after buying an additional 2,586 shares in the last quarter. Zacks Investment Research downgraded Precision Drilling Corp from a "buy" rating to a "hold" rating in a research report on Friday, April 14th.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright laws. For the next 5 years, Precision Drilling Corporation is expecting Growth of -23.64% per annum, whereas in the past 5 years the growth was -4.49% per annum.


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