Precision Drilling Corporation (PDS) Earning Somewhat Positive News Coverage, Study Finds

Taking a broader look at the analyst consensus, according to 13 analysts Precision Drilling Corp (NYSE:PDS)'s price will reach at $4.41 during 52 weeks. Zacks Investment Research upgraded shares of Precision Drilling Corp. from a "hold" rating to a "buy" rating and set a $5.25 price objective on the stock in a research note on Thursday, October 20th.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last released its earnings results on Friday, October 27th.

Precision Drilling Corporation (NYSE PDS) opened at 2.54 on Friday. FMR LLC grew its holdings in Precision Drilling Corporation by 22.1% in the 2nd quarter. The company had a trading volume of 416,598 shares. 4,415,704 shares of the company's stock were exchanged.

Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $2.26, its price distance from 52-week high is -59.36% while its distance from 52-week low price is 12.58%. The company's market capitalization is $1.27 billion. For the current quarter Precision Drilling Corp (NYSE:PDS) has high EPS estimates of $-0.05 in contradiction of low EPS estimates of $-0.14.

Precision Drilling Corp (NYSE:PDS) has average revenue estimates of $252.69 Million, compared to low analyst estimates of $236.3 Million and high estimates of $274.56 Million for the current quarter. The oil and gas company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of ($0.09) by $0.02. The consensus mean EPS for the current quarter is at $-0.09 derived from a total of 18 estimates from the analysts who have weighed in on projected earnings. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Precision Drilling Corporation had a negative net margin of 9.45% and a negative return on equity of 5.96%. However the company reported $-0.12 earnings per share for the same quarter during past year. If you are viewing this story on another website, it was stolen and republished in violation of United States & global copyright and trademark law. The legal version of this piece can be read at Franklin Resources Inc. grew its holdings in Precision Drilling Corporation by 44.6% in the 2nd quarter. On average, equities analysts anticipate that Precision Drilling Corporation will post ($0.32) earnings per share for the current fiscal year. Wellington Management Group LLP lifted its stake in shares of Precision Drilling Corporation by 21.9% in the first quarter. I.G. Investment Management LTD. now owns 1,990,500 shares of the company's stock worth $10,555,000 after buying an additional 730,100 shares during the last quarter. Dalton Greiner Hartman Maher & Co. now owns 5,758,072 shares of the oil and gas company's stock valued at $19,635,000 after purchasing an additional 450,105 shares during the period.

In other news, Director Brian James Gibson purchased 35,000 shares of the company's stock in a transaction dated Tuesday, August 1st. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

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