Precision Drilling (PDS) Earning Somewhat Positive Media Coverage, Analysis Shows

Galtero Lara
Enero 13, 2018

When it comes to the Analysis of a Stock, Price Target plays a vital role. Precision Drilling Corporation had 52 analyst reports since July 24, 2015 according to SRatingsIntel. The firm operates in two divisions, Contract Drilling Services, and Completion and Production Services. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies.

Precision Drilling Corp (NYSE:PDS) has an ABR of 1.8 which is the combined stock view of 10 analysts poll results.

A number of other research analysts have also commented on the stock. Zacks Investment Research raised Precision Drilling from a "sell" rating to a "hold" rating in a report on Thursday, October 26th. Finally, Cowen set a $5.00 target price on shares of Precision Drilling and gave the company a "buy" rating in a research note on Wednesday, October 18th. Analysts reported that the Price Target for Precision Drilling Corporation might touch $5.44 high while the Average Price Target and Low price Target is $4.16 and $2.9 respectively. Precision Drilling now has an average rating of "Hold" and an average price target of $4.73.

In terms of Buy, Sell or Hold recommendations, Precision Drilling Corp (NYSE:PDS) has analysts' mean recommendation of 1.9. The stock has a consensus rating of Hold and an average price target of $4.73. Precision Drilling Corporation (NYSE:PDS) has declined 14.25% since January 12, 2017 and is downtrending. The stock increased 1.31% or $0.05 during the last trading session, reaching $3.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.22 and a quick ratio of 2.10. Precision Drilling has a one year low of $2.26 and a one year high of $6.07. The company has a market capitalization of $1,060.00, a P/E ratio of -11.61 and a beta of 1.77.

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Analysts expect Precision Drilling Corporation (NYSE:PDS) to report $-0.07 EPS on February, 8.They anticipate $0.01 EPS change or 12.50% from last quarter's $-0.08 EPS. However the company's price to cash per share for most recent quarter stands at 0.35. However the low revenue estimates for the company are $252 Million versus high revenue estimates of $278.56 Million. The Return on Equity (ROE) value stands at -5.6%. The firm had revenue of $314.50 million for the quarter, compared to analysts' expectations of $320.36 million. During the same period in the prior year, the company earned ($0.16) earnings per share. equities analysts forecast that Precision Drilling will post -0.31 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Pacad Investment Ltd. now owns 32,800 shares of the oil and gas company's stock valued at $112,000 after acquiring an additional 14,700 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Precision Drilling by 200.1% in the second quarter. Bank of New York Mellon Corp now owns 233,449 shares of the oil and gas company's stock worth $796,000 after purchasing an additional 149,389 shares during the last quarter. Verition Fund Management LLC bought a new position in Precision Drilling in the second quarter valued at approximately $158,000. Finally, Virtu KCG Holdings LLC boosted its stake in Precision Drilling by 49.9% in the second quarter. If you are reading this article on another domain, it was illegally stolen and reposted in violation of United States and global trademark & copyright legislation.

ION Geophysical Corporation provides geoscience products, services, and solutions to the gas and oil industry worldwide. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

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