12 August, 2017
On average, equities research analysts predict that Precision Drilling Corporation will post ($0.31) EPS for the current year.
Shares of Precision Drilling Corporation (PDS) traded up 2.72% during trading on Friday, reaching $3.02. CIBC World Markets Inc. now owns 509,454 shares of the oil and gas company's stock worth $2,405,000 after buying an additional 22,157 shares during the period. Quantbot Technologies LP purchased a new position in shares of Precision Drilling Corporation during the first quarter worth approximately $102,000. Systematic Financial Management Lp owns 14,732,213 shares with a value of $50,237,000. Ferguson Wellman Capital Management Inc. boosted its position in shares of Precision Drilling Corporation by 7,387.1% in the first quarter. Comerica Bank now owns 34,183 shares of the oil and gas company's stock worth $186,000 after buying an additional 2,586 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in Precision Drilling Corporation by 7.7% in the first quarter. Parametric Portfolio Associates LLC now owns 53,083 shares of the oil and gas company's stock worth $251,000 after buying an additional 30,964 shares during the period. Below is a list of Precision Drilling Corporation (TSE:PD) latest ratings and price target changes. These ratios are important while doing valuation of the company or the shares of the company. Beta compares the returns of company stock to return of the market as a whole. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). According to these analysts, the Low Revenue Estimate for Precision Drilling Corporation is 259.38 Million and the High Revenue Estimate is 274.41 Million.
Precision Drilling Corp (NYSE:PDS) (TSE:PD) last announced its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. 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 the prediction of 15 analysts. During the same quarter in the previous year, the business posted ($0.20) earnings per share. Several studies suggest that positive earnings surprises not only lead to an immediate hike in a stock's price, but also to a gradual increase over time.
TRADEMARK VIOLATION NOTICE: This news story was posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this report on another publication, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark laws. Comerica Bank boosted its stake in Precision Drilling Corporation by 8.2% in the fourth quarter.
We are also noting that Precision Drilling Corporation (NYSE:PDS) was recently seen trading -22.11% away from the 50-day high and 3.86% separated from the 50-day low. Raymond James Financial, Inc. upgraded Precision Drilling Corporation from a "market perform" rating to an "outperform" rating in a research report on Wednesday, April 26th.
Precision Drilling Corporation (PDS) opened the session with a $2.95 price tag, later ranging from $2.93 to $3.03, the range at which the stock has traded at throughout the day. Finally, BidaskClub raised Precision Drilling Corporation from a "strong sell" rating to a "sell" rating in a research report on Tuesday, June 13th. The analyst recommendations from a month ago are 10 Buy, 1 Overweight, 0 Sell, 9 Hold and 0 Underweight. The Company has 52-week high of $6.25 and 52-week low of $2.85.
Precision Drilling Corporation (Precision) is an oilfield services company. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.
