Economy

Analytical Report on Precision Drilling Corporation (PDS)

Over the past fifty days, Precision Drilling Corporation stock was -25.50% from the high and 10.50% apart from the low. TD Securities reissued a "buy" rating and issued a $8.00 price objective on shares of Precision Drilling Corporation in a report on Thursday, November 3rd. On Friday, January 6 the stock rating was upgraded by Piper Jaffray to "Overweight". The firm has "Overweight" rating by Morgan Stanley given on Tuesday, April 19. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Up in the future.

Precision Drilling Corporation (NYSE:PDS) performed nicely this week, continuing its impressive near-term upward movement. The institutional investors might have bought a large chunk of stocks of the company. The firm's 50-day moving average price is $2.79 and its 200 day moving average price is $3.72.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, PDS earned gross profit of 944.71 Million, in 2015 631.28 Million gross profit, while in 2016 Precision Drilling Corporation (PDS) produced 344.12 Million profit. The oil and gas company reported ($0.09) EPS for the quarter, beating the Thomson Reuters' consensus estimate 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%. The company's a year ago sales total was 161540. During the same period in the previous year, the business posted ($0.20) EPS. The consensus mean EPS for the current quarter is at $-0.09 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings.

TRADEMARK VIOLATION NOTICE: This report was originally reported by BBNS and is owned by of BBNS. The correct version of this report can be read at https://www.dispatchtribunal.com/2017/09/09/valuengine-lowers-precision-drilling-corporation-pds-to-strong-sell.html. Also, Director Kevin A. Neveu purchased 10,000 shares of Precision Drilling stock in a transaction dated Monday, August 28th. Quantbot Technologies LP acquired a new position in shares of Precision Drilling Corporation in the 1st quarter valued at about $102,000.

The number of shares traded in the last trading session was 2.95 Million. Cipher Capital LP acquired a new position in shares of Precision Drilling Corporation in the 1st quarter valued at about $120,000. LPL Financial LLC now owns 25,090 shares of the company's stock valued at $104,000 after buying an additional 892 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Precision Drilling Corporation in the 2nd quarter valued at about $158,000. Analysts expect Precision Drilling Corporation to post earnings of ($0.12) per share and revenue of $196.97 million for the quarter.

Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain worldwide locations. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.

To view ValuEngine's full report, visit ValuEngine's official website.



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