Economy

Precision Drilling Corporation (NASDAQ:PDS) To Report Earnings

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price raised by Raymond James Financial from C$5.50 to C$5.75 in a research report released on Tuesday morning. However the company's price to cash per share for most recent quarter stands at 0.34. The Relative Volume value measured for Precision Drilling Corporation stands at 1.17.

Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $5.71 and low price stands at $2.26, its price distance from 52-week high is -40.98% while its distance from 52-week low price is 49.37%. The Return on Equity (ROE) and Return on Investment (ROI) values are -5.6 percent and -0.1 percent respectively. Finally, Cowen set a $5.00 target price on Precision Drilling and gave the stock a "buy" rating in a research report on Wednesday, October 18th. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

Profitability analysis greatly helps in making investment decision. Canaccord Genuity upped their price objective on shares of Precision Drilling from C$4.50 to C$4.75 in a report on Tuesday, February 6th. The company's beta value stood at 1.65. The analyst recommendations from a month ago are 11 Buy, 1 Overweight, 1 Sell, 9 Hold and 0 Underweight.

Precision Drilling Corporation (PDS) remained successful in beating the consensus-estimated -$0.12 as it actually earned -$0.09 per share in its last reported financial results. The business had revenue of $347.19 million during the quarter, compared to analysts' expectations of $333.97 million.

Looking forward, for the quarter ending Mar-18, 10 analysts have a mean sales target of 387.77 million. These unswerving movements and comparing with its overall performance have shaped higher daily volatility making other factor as constant (Micro/macroeconomic factors). The Manufacturers Life Insurance Company lifted its position in Precision Drilling by 6.0% during the second quarter.

The Company ended its previous trading session at $39.4 with the loss of -0.48%. Short interest, which represents the number of a stock's shares now being shorted, captures what the market as a whole feels about a stock. This works out to a net decrease in ownership of 26.51 million shares, and suggests that institutions are feeling bearish about the stock. The stock stands almost -45.88% off versus the 52-week high and 63.25% away from the 52-week low.

Recent insider trends for Precision Drilling Corporation (NYSE:PDS) have caught the attention of investors. While 20-Day Moving Average VS Current Price shows "Sell" Signal. As the name implies that ABR will show you the Average of Brokerage Recommendations on a given stock. Through this figure traders can analyze that PDS show whether or not a stock now most active and standing in buying side or sell side.

Average Revenue Estimate of the company for the current Fiscal Quarter is $332.65 Million, according to consensus of 20 analysts. The Firm has ATR of 0.23 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range.

Parsley Energy, Inc.'s Average Earnings Estimate for the current quarter is $0.23, according to consensus of 30 analysts. The higher end of the revenue estimate is $411.34 Million and the lower end is $291.44 Million.



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