Economy

Precision Drilling Corporation (PDS) Upgraded at ValuEngine

18 analysts on average are expecting Precision Drilling Corporation to report earnings of $-0.09 per share for the current quarter. Morgan Stanley downgraded Precision Drilling Corporation from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $9.00 to $4.50 in a research note on Wednesday, June 21st. The stock last traded at $2.85 a bit higher than the 50 day moving average which is $2.79 and significantly below the 200 day moving average of $3.45. Cowen and Company reaffirmed a buy rating and set a $5.00 price objective on shares of Precision Drilling Corporation in a research note on Tuesday, July 11th. Precision Drilling Corporation had 40 analyst reports since July 21, 2015 according to SRatingsIntel. TD Securities reiterated a "buy" recommendation and given a C$6.00 target price on stock of Precision Drilling in a note on Tue, Sep 12th. Precision Drilling Corp (NYSE:PDS) has a market capitalization of $860.22 Million and most recently 301.83 Million outstanding shares have been calculated. Lastly, CIBC lifted the price target on Precision Drilling from C$8.00 to C$11.00 in a note on Thurs, Jul 20th. A total of 2.11 million shares exchanged at hands and its average trading volume is standing at 3.16 million shares. Precision Drilling Corporation has $11.50 highest and $3 lowest target. RBC Capital Markets maintained Precision Drilling Corporation (TSE:PD) on Friday, February 10 with "Outperform" rating. During the same period in the previous year, the business earned ($0.20) earnings per share. Comparatively, Precision Drilling Corporation posted earnings of $-0.09 per share in the same quarter past year.

Total debt to equity ratio of Precision Drilling Corp (NYSE:PDS) for most recent quarter is 0.97 whereas long term debt to equity ratio for most recent quarter is 0.97. Analusts presently have a solid "Outperform" rating on the stock.

The company is expected to report earnings of $-0.11 a share for the next quarter. The company had Year Ago Sales of 163.62 Million. Precision Drilling Corporation (TSE:PD) has 0.00% since October 7, 2016 and is. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company.

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The following firms have recently changed their position in PDS. Verition Fund Management LLC bought a new stake in shares of Precision Drilling Corporation in the second quarter valued at about $158,000. Quantbot Technologies LP acquired a new position in Precision Drilling Corporation in the first quarter valued at about $102,000.

Stoneridge, Inc. has a consensus hold rating from 3 Wall Street analysts, and the number of shares now sold short amount to at least 1.16% of shares outstanding. Scotia Capital Inc. added to its holdings by buying 417,523 shares an increase of 326.1%. Pacad Investment Ltd. grew its stake in Precision Drilling Corporation by 81.2% in the second quarter. It represents the number of a stock's shares that are being shorted by investors. The company was maintained on Wednesday, August 19 by IBC.

Precision Drilling Corporation shares decreased -10.79 percent over the past week and rose 8.08 percent over the previous month. Institutional investors own 61.43% of the company's stock. The Average True Range, a measure of volatility is at 0.13, however its weekly and monthly volatility is 3.89%, 4.67% respectively.

Precision Drilling Corporation (Precision) is an oilfield services company. 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.



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