04 August, 2017
Jefferies Group has a "Buy" rating and a $4.50 price objective on the stock. For the current quarter Precision Drilling Corp (NYSE:PDS) has high EPS estimates of $-0.06 in contradiction of low EPS estimates of $-0.14.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Precision Drilling Corporation from a buy rating to a hold rating in a research note on Friday, April 14th. Jefferies Group LLC raised Precision Drilling Corporation from a "hold" rating to a "buy" rating and set a $7.00 target price on the stock in a research note on Tuesday, April 11th. The company now has a consensus rating of "Buy" and a consensus target price of C$8.18. BidaskClub upgraded Precision Drilling Corporation from a "strong sell" rating to a "sell" rating in a report on Tuesday, June 13th. BMO Capital Markets decreased their price target on shares of Precision Drilling from C$9.00 to C$6.00 and set an "outperform" rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. If you are viewing this news story on another site, it was illegally copied and republished in violation of United States & worldwide trademark & copyright laws. The original version of this news story can be viewed at https://sportsperspectives.com/2017/08/04/precision-drilling-co-tsepd-pt-lowered-to-c4-25.html.
Precision Drilling Corp (PD.TO) are being closely watched by investors as the firm's Mesa Adaptive Moving Average (MAMA) has dipped below the Fractional Adaptive Moving Average (FAMA), indicating that a potential bearish move might be forthcoming. Current trade price levels places PDS's stock about -53.44% away from the 52-week high and closed 2.11% away from the 52-week low. The firm's market capitalization is $1.07 billion. The MESA Adaptive Moving Average, which was developed by John Ehlers, is a technical trend-following indicator which adapts to price movement "based on the rate change of phase as measured by the Hilbert Transform Discriminator".
ILLEGAL ACTIVITY NOTICE: "Precision Drilling Co".
06/29/2017 - Precision Drilling Corporation was downgraded to " by analysts at Piper Jaffray. The firm had revenue of $275.52 million for the quarter, compared to analysts' expectations of $271.33 million. The oil and gas company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company's revenue for the quarter was up 68.0% compared to the same quarter previous year.
Currently Precision Drilling Corp (NYSE:PDS)'s shares owned by insiders are 1%, whereas shares owned by institutional owners are 45.9%.
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. Envestnet Asset Management Inc. now owns 50,669 shares of the oil and gas company's stock worth $276,000 after buying an additional 148 shares in the last quarter. Finally, Princeton Alpha Management LP boosted its position in Precision Drilling Corporation by 18.3% in the first quarter. However the company reported $-0.13 earnings per share for the same quarter during a year ago. 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. Norges Bank acquired a new stake in Precision Drilling Corporation during the fourth quarter worth $22,327,000. Princeton Alpha Management LP now owns 37,809 shares of the oil and gas company's stock worth $178,000 after buying an additional 5,861 shares in the last quarter.
Let's take a look at some additional technical levels on shares of Precision Drilling Corp (PDS). The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States.
