Economy

Precision Drilling Corporation (PDS) hit its 1-Year High price on 12/12/16

Precision Drilling Corporation (PDS) hit its 1-Year High price on 12/12/16”

Precision Drilling Corporation (PDS) surprised the stock market in its last reported earnings when it earned -$0.12 a piece versus the consensus-estimated -$0.2. The stock has a consensus rating of "Buy" and a consensus price target of C$7.73. The firm experienced a fall in short interest of -4.72% as of the latest report on August 15, 2017. UBS AG upgraded shares of Precision Drilling Corporation from an outperform rating to a strong-buy rating in a report on Thursday, July 6th. Raymond James Financial, Inc. decreased their price target on shares of Precision Drilling from C$6.50 to C$5.75 and set a "speculative buy" rating for the company in a report on Tuesday, August 22nd. Canada Pension Plan Investment Board raised its position in shares of Precision Drilling Corporation by 72.2% in the third quarter. Analysts have placed a $4.66 price target on Precision Drilling Corporation, suggesting a 70.7% gain from recent close.

Currently, EPS of Precision Drilling Corporation (PDS) is -0.1 while the analysts predicted the EPS of the stock to be -0.17 suggesting the company fell short of the analysts' expectations. Finally, TD Securities set a C$6.00 price target on shares of Precision Drilling and gave the stock a "buy" rating in a report on Tuesday.

Precision Drilling (PD) traded up 3.61% during mid-day trading on Tuesday, reaching $3.44. With the last stock price down -24.42% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same period.

Market Capitalization can be thought of as the overall price to buy the company. Dalton Greiner Hartman Maher & Co. now owns 2,482,933 shares of the company's stock valued at $10,379,000 after buying an additional 166,955 shares in the last quarter. Precision Drilling Corporation has a 52 week low of $2.38 and a 52 week high of $6.25.

Precision Drilling Corporation (NYSE:PDS) last issued its earnings results on Thursday, February 9th.

The company has mean EPS estimate of -0.09 reported by 17 number of analyst for the quarter ending Current Qtr.(Sep2017). Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada. The business's revenue for the quarter was down 17.7% compared to the same quarter a year ago. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The target implies a -5.06% decrease from where the shares are now trading.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. If you are reading this piece on another domain, it was illegally copied and reposted in violation of U.S. and global copyright and trademark laws. The legal version of this report can be read at https://stocknewstimes.com/2017/09/12/precision-drilling-corporation-pds-now-covered-by-analysts-at-td-securities.html.

In other news, Director Brian James Gibson bought 35,000 shares of the company's stock in a transaction dated Tuesday, August 1st.

Shares of Precision Drilling Corporation (NYSE:PDS) opened at $2.64, and ended 3.8% higher at $2.73. Pacad Investment Ltd. increased its stake in shares of Precision Drilling Corporation by 81.2% in the second quarter. The average volume of a stock suggests the liquidity of a particular company. Hedge funds and other institutional investors own 61.45% of the company's stock. This segment's services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment.

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 global locations.



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