Economy

What's Ahead for Precision Drilling Corporation (NYSE:PDS) After Less Shorted Shares?

Analysts expect Precision Drilling Corporation (NYSE:PDS) to report $-0.04 EPS on April, 23.They anticipate $0.02 EPS change or 33.33% from last quarter's $-0.06 EPS. GMP Securities lifted their price target on Precision Drilling from C$5.75 to C$6.50 in a report on Thursday, January 18th. However a year ago for the same quarter the company has reported $-0.06 EPS. Equities analysts forecast that Precision Drilling Corp will post ($0.34) earnings per share for the current year. Taking a wider observation, the current separation from the one year high is -37.70%, and the distance from the one year low is presently 36.96%.Precision Drilling Corporation (PDS) stock has been separated 3.94% away from the 200-day MA. Precision Drilling had a negative return on equity of 5.66% and a negative net margin of 10.29%.

13 analysts on average are expecting the company to report revenue of $306.38 Million for the current quarter.

The stock dispatched -14.17% performance during the quarter and performance arrived at 19.31% over the last six months. The business's quarterly revenue was up 14.7% compared to the same quarter a year ago.

A number of other equities analysts also recently commented on PD. On Wednesday, October 18 the stock of Precision Drilling Corporation (NYSE:PDS) earned "Buy" rating by Cowen & Co. A rating of a 1 or a 2 would signify a mean Buy view. Zacks Investment Research cut shares of Precision Drilling from a buy rating to a hold rating in a research report on Friday, January 5th. On Tuesday, February 27 the company was maintained by Credit Suisse. The stock of Precision Drilling Corporation (NYSE:PDS) earned "Buy" rating by Piper Jaffray on Friday, October 27. It now has negative earnings.

TSE PD opened at C$3.89 on Monday.

Precision Drilling Corp (NYSE:PDS)'s trailing twelve month revenues are $1.05 Billion, whereas its price to sales ratio for the same period is 0.87. During previous trade 1.59 Million shares of Precision Drilling Corp (NYSE:PDS) exchanged hands whereas on average nearly 2.77 Million shares has been traded. That's 38.08% down from 9.75 million shares. Institutional investors own 45.77% of the company's stock. Tower Research Capital LLC TRC now owns 31,572 shares of the oil and gas company's stock worth $120,000 after purchasing an additional 20,234 shares during the period. Mackenzie Financial Corp boosted its holdings in Precision Drilling by 12.6% during the fourth quarter. Jane Street Group LLC acquired a new position in Precision Drilling in the 3rd quarter worth $406,000. AGF Investments Inc. increased its stake in Precision Drilling by 17.2% in the 4th quarter. Creative Planning now owns 25,025 shares of the company's stock worth $105,000 after buying an additional 19,150 shares in the last quarter. Because there must be a beginning, the first TR value is simply the High minus the Low, and the first 14-day ATR is the average of the daily TR values for the last 14 days. If you are accessing this piece on another site, it was copied illegally and republished in violation of U.S. and global trademark & copyright laws.

Precision Drilling Corp (NYSE:PDS)'s revenue estimates for the current quarter are $308.31 Million according to 11 number of analysts, for the current quarter the company has high revenue estimates of $330.91 Million in contradiction of low revenue estimates of $297.27 Million. The firm operates in two divisions, Contract Drilling Services, and Completion and Production Services.Last it reported negative earnings. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Precision Drilling Corporation (PDS) stock gained attention from Active Investors.



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