03 June, 2017
Canada Pension Plan Investment Board decreased its position in Precision Drilling Corp (NYSE:PDS) (TSE:PD) by 24.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 595,757 shares of the oil and gas company's stock after selling 185 shares during the period. Canada Pension Plan Investment Board owned 0.19% of Precision Drilling Corp worth $2,574,000 at the end of the most recent quarter. The stock now has Weekly Volatility of 5.44% and Monthly Volatility of 4.73%. Princeton Alpha Management LP increased its stake in shares of Precision Drilling Corp by 18.3% in the first quarter. (GNW) has the trading volume of 3.09 Million shares with the average trading volume of 2350 shares. Guardian Capital LP purchased a new position in Precision Drilling Corp during the fourth quarter worth about $186,000.
ATR value of company was 0.19. Signia Capital Management LLC acquired a new stake in Precision Drilling Corp during the fourth quarter worth $722,000. Finally, Comerica Bank raised its position in shares of Precision Drilling Corp by 8.2% in the fourth quarter. Bank of America Corp DE now owns 571,135 shares of the oil and gas company's stock valued at $2,696,000 after buying an additional 331,777 shares in the last quarter. Hedge funds have recently bought and sold shares of the stock.
According to Zacks, analysts expect that Precision Drilling Corp will report full-year sales of $198.16 million for the current financial year, with estimates ranging from $973.43 million to $1.05 billion. Five analysts have made estimates for Precision Drilling Corp's earnings, with the lowest sales estimate coming in at $188.3 million and the highest estimate coming in at $205.2 million. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -2.21%, whereas SMA50 and SMA200 are -12.11% and -21.75% respectively.
Historically, if we have a peek at price target revisions, Precision Drilling Corp (USA) (NYSE:PDS)'s price target was revised by the analysts two weeks back on 05/08/17 to set its target price at $7.11 where its twelve month high target price was set at $9.50 and low at $4.64 while demonstrating the standard deviation of 2.14.
Currently, the market capitalization of Precision Drilling Corporation (PDS) is 1.06 Billion. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. The firm had revenue of $346.80 million during the quarter, compared to analysts' expectations of $345.06 million. The Return on Equity (ROE) value stands at -8%. The business's revenue was up 14.9% on a year-over-year basis. During the same quarter past year, the company posted ($0.07) EPS. Precision Drilling Corp also reported earnings per share of ($0.15) in the same quarter a year ago.
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Several research firms have issued reports on PDS. Princeton Alpha Management LP increased its stake in Precision Drilling Corp by 18.3% in the first quarter. Credit Suisse upgraded Precision Drilling Corp (USA) (NYSE:PDS) on Wednesday, January 4 to "Neutral" rating. Jefferies Group LLC reduced their target price on shares of Precision Drilling Corp from $6.50 to $6.00 and set a "buy" rating for the company in a research report on Wednesday, May 3rd. Zacks' sales averages are an average based on a survey of sell-side research firms that follow Precision Drilling Corp. Deutsche Bank AG lifted their price objective on shares of Precision Drilling Corp from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, April 25th. Four equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock.
