Economy

Precision Drilling Corporation (PD) EPS Estimated At $

The Return on Investment (ROI) ratio of Precision Drilling Corporation (PDS) is -0.1 percent. The brokerage presently has a $4.25 target price on the oil and gas company's stock, up from their prior target price of $3.60. As per Monday, September 18, the company rating was upgraded by Piper Jaffray.

Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 11 have Buy rating, 0 Sell and 8 Hold. Analysts reported that the Price Target for Precision Drilling Corporation might touch $6.57 high while the Average Price Target and Low price Target is $4.48 and $2.39 respectively.

Precision Drilling Corporation (PDS) closed its previous trading session at $2.98 with the gain of 5.3%. Finally, Raymond James Financial, Inc. reduced their target price on 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. Evercore maintained Precision Drilling Corp (USA) (NYSE:PDS) rating on Saturday, August 22. Scotia Capital maintained the stock with "Underperform" rating in Friday, February 10 report. The firm's market cap is $829.86 million. The firm's 50-day moving average price is $3.42 and its 200-day moving average price is $4.72. TD Securities started coverage on Precision Drilling Corporation in a report on Monday, September 11th. The Return on Equity (ROE) value stands at -7%. The business had revenue of $275.52 million for the quarter, compared to analyst estimates of $271.33 million. The most optimistic analyst sees the stock reaching $2.75 while the most conventional predicts the target price at $0.5. The firm's revenue was up 68.0% on a year-over-year basis.

TRADEMARK VIOLATION WARNING: "Precision Drilling Corporation (PDS) Lifted to Overweight at Piper Jaffray Companies" was originally posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. & worldwide copyright laws. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock.

Several hedge funds and other institutional investors have recently made changes to their positions in PDS.

02/22/2017 - Precision Drilling Corporation was upgraded to "sector perform" by analysts at Scotiabank. Pacad Investment Ltd. raised its stake in shares of Precision Drilling Corporation by 81.2% in the second quarter. While the company's share hit the 52 week high on 12/12/16 stationing the value of $6.25.

11/29/2016 - Precision Drilling Corporation was upgraded to "buy" by analysts at Tudor Pickering.

06/06/2017 - Precision Drilling Corporation was downgraded to "peerperform" by analysts at Wolfe Research. Tower Research Capital LLC TRC now owns 29,724 shares of the oil and gas company's stock worth $132,000 after acquiring an additional 19,819 shares during the last quarter.

09/15/2016 - Precision Drilling Corporation had its "buy" rating reiterated by analysts at D.A. Davidson.

Precision Drilling Corp (NYSE:PDS)'s distance from 20 day simple moving average is0.1146 along with distance from 50 day simple moving average of 2.75 whereas its distance from 200 day simple moving average is 3.58. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.



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