05 August, 2017
Shares of Precision Drilling Corporation (PDS) traded down 1.03% on Tuesday, reaching $2.89.
Previously Precision Drilling Corp (NYSE:PDS) reported $-0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.08 by $0.02. Raymond James Financial, Inc. restated a "market perform" rating and set a C$7.40 target price on shares of Precision Drilling in a research report on Tuesday, April 25th. Wellington Management Group LLP owned 1.10% of Precision Drilling Corporation worth $15,194,000 at the end of the most recent quarter. Return on Equity (ROE) stands at -8% and Return on Investment (ROI) of -0.1 percent. The value of the investment in (PDS) went from $55,000 to $80,000 a change of 45.5% since the last quarter.
A number of other institutional investors have also made changes to their positions in the stock. The firm had revenue of $346.80 million for the quarter, compared to the consensus estimate of $345.06 million. BidaskClub cut shares of Precision Drilling Corporation from a "sell" rating to a "strong sell" rating in a research report on Wednesday, July 19th. The stock closing price is now trading downward to its 50 day moving average with change of -13.45%, tumbled to its 20 day moving average with figure of -6.35% and behind its 200 day moving average with value -35.01%. Wellington Management Group LLP raised its position in Precision Drilling Corporation by 21.9% in the first quarter.
05/03/2017 - Precision Drilling Corporation had its " rating reiterated by analysts at Jefferies.
In terms of Buy, Sell or Hold recommendations, Precision Drilling Corp (NYSE:PDS) has analysts' mean recommendation of 1.9. Analysts forecast EPS of $-0.21, down exactly $0.01 or 5.00 % from 2014's $-0.2 EPS.
Many analysts have provided their estimated foresights on Precision Drilling Corporation Earnings, with 13 analysts believing the company would generate an Average Estimate of $-0.16.
On the other hand the company has Relative Strength Index (RSI 14) of 46.7 along with Average True Range (ATR 14) of 0.17, Consequently Precision Drilling Corp (NYSE:PDS)'s weekly and monthly volatility is 6.67%, 5.37% respectively. PDS's value Change from Open was at -3.49% with a Gap of -0.32%.
Heading into the stock price potential, Precision Drilling Corporation needs to grow just 55.13% to cross its median price target of $4.84. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. The company's market capitalization is $1.07 billion. Investec Asset Management LTD raised its position in Precision Drilling Corporation by 10.9% in the first quarter. JPMorgan Chase & Co. now owns 219,073 shares of the oil and gas company's stock valued at $1,034,000 after buying an additional 174,839 shares during the last quarter.
Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Monday, April 24th. Shares of Precision Drilling Corporation (PDS) are trading -50.08% downward from the 52-week high mark and 7.96% above from the fifty two-week low mark. During the same quarter in the previous year, the business earned ($0.20) EPS. The stock now has an average rating of "Buy" and an average price target of $6.35. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
