Precision Drilling Corporation (PDS) belonging to the Energy sector has declined -3.61% and closed its last trading session at $2.67.
As of the last earnings report the EPS was $-0.39 and is projected to be $-0.32 for the current year with 293,238,000 shares presently outstanding. Precision Drilling Corp has a 52 week low of $3.51 and a 52 week high of $6.25.
Deutsche Bank "Initiates Coverage On" Precision Drilling Corp (NYSE:PDS) in a research note issued to investors on 10/10/17 to Hold with price target of $4. Analysts reported that the Price Target for Precision Drilling Corporation might touch $6.5 high while the Average Price Target and Low price Target is $4.41 and $2.39 respectively. Comerica Bank increased its position in shares of Precision Drilling Corp by 8.2% in the fourth quarter.
Previously Precision Drilling Corp (NYSE:PDS) reported $-0.1 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.16 by $0.06. About 2.75M shares traded. Return on Equity (ROE) stands at -7% and Return on Investment (ROI) of -0.1 percent. Shares last traded at $2.85 a tad above the 50 day moving average of $2.79 and quite a bit lower than the 200 day moving average of $3.45.
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $263570 in the Current Quarter. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. Tower Research Capital LLC TRC now owns 29,724 shares of the oil and gas company's stock worth $132,000 after purchasing an additional 19,819 shares during the period. AQR Capital Management LLC bought a new position in shares of Precision Drilling Corp during the fourth quarter worth about $223,000. Pacad Investment Ltd. boosted its position in Precision Drilling Corporation by 81.2% during the second quarter. Finally, Pacad Investment Ltd. increased its position in shares of Precision Drilling Corp by 10.3% in the fourth quarter. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.45%. Trading volume was down 99.75% under the stocks average daily volume. Precision Drilling Corp's revenue for the quarter was up 14.9% on a year-over-year basis. Raymond James Financial, Inc. upgraded Precision Drilling Corp from an "underperform" rating to a "market perform" rating and set a $6.30 price target on the stock in a report on Friday, February 10th. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has "Neutral" rating given on Wednesday, December 14 by Citigroup. Cowen and Company reiterated a "buy" rating and issued a $5.00 price objective on shares of Precision Drilling Corporation in a report on Tuesday, July 11th. On September 12 the company was set at "Neutral" according to a JP Morgan report which is down from the previous "Neutral" rating. Equities analysts predict that Precision Drilling Corp will post ($0.30) EPS for the current year. As per Wednesday, September 6, the company rating was maintained by Jefferies.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services. 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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