Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 9 Hold. Precision Drilling Corporation has a 52-week low of $2.38 and a 52-week high of $6.25. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned "Buy" rating by Evercore on Saturday, August 22.
Precision Drilling Corporation (NYSE:PDS) shares have experienced a recent steady downtrend, causing some concern for shareholders. The value of the company's investment in Precision Drilling Corporation went from $70,000 to $109,000 a change of $39,000 for the reporting period.
Another recent and important Precision Drilling Corp (USA) (NYSE:PDS) news was published by Benzinga.com which published an article titled: "A Petroleum Pair Trade: Precision Drilling Vs. Sanchez Energy" on September 18, 2017. The shares were purchased at an average cost of C$2.63 per share, for a total transaction of C$26,300.00. Return on Equity (ROE) stands at -7% and Return on Investment (ROI) of -0.1 percent. The company's 50-day moving average is $2.79 and its 200-day moving average is $3.41.
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $263570 in the Current Quarter. While in the same Quarter Previous year, the Actual EPS was $-0.13. Princeton Alpha Management LP now owns 37,809 shares of the oil and gas company's stock worth $178,000 after buying an additional 5,861 shares in the last quarter. As of quarter end Scotia Capital Inc. had bought a total of 417,523 shares growing its stake by 326.1%. Finally, Pacad Investment Ltd. increased its position in shares of Precision Drilling Corp by 10.3% in the fourth quarter. Institutional investors own 72.77% of the company's stock. Parametric Portfolio Associates LLC now owns 53,083 shares of the oil and gas company's stock worth $251,000 after purchasing an additional 30,964 shares during the period. Precision Drilling Corp's revenue for the quarter was up 14.9% on a year-over-year basis. (TSE:PD) (NYSE:PDS) in a research note issued to investors on Tuesday morning.
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Additionally on 9/18/17 PiperJaffray "Upgrades" Precision Drilling Corp (NYSE:PDS) to Overweight setting price target at $0 and on 9/12/17 JP Morgan "Downgrades" the stock to Neutral at $0. At one point in the past year, the shares traded as low as $2.38 but has recovered 8.82% since then.
Currently Precision Drilling Corp (NYSE:PDS)'s shares owned by insiders are 1%, whereas shares owned by institutional owners are 45.9%. TD Securities reiterated a buy rating and issued a C$6.00 price target on shares of Precision Drilling in a research report on Tuesday, September 12th. For the next 5 years, Precision Drilling Corporation is expecting Growth of -23.64% per annum, whereas in the past 5 years the growth was -11.12% per annum. Finally, Scotiabank upgraded Precision Drilling Corp from an "underperform" rating to a "sector perform" rating in a report on Wednesday, February 22nd. As per Wednesday, September 6, the company rating was maintained by Jefferies. The stock presently has a consensus rating of "Hold" and an average price target of C$6.91.
Precision Drilling (TSE PD) opened at 3.35 on Tuesday. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.
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