Precision Drilling Corporation (PDS) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Precision Drilling Corporation (NYSE: PDS):

  • 7/21/2017 – Precision Drilling Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. It also offers service rigs for well completion and workover services, snubbing services and wastewater treatment services, tubulars, well control equipment, wellsite accommodations. Precision Drilling Corporation is headquartered in Calgary, Canada. “
  • 7/19/2017 – Precision Drilling Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/11/2017 – Precision Drilling Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $5.00 price target on the stock.
  • 7/6/2017 – Precision Drilling Corporation was upgraded by analysts at UBS AG from an “outperform” rating to a “strong-buy” rating.
  • 7/6/2017 – Precision Drilling Corporation was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating.
  • 6/29/2017 – Precision Drilling Corporation was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $3.25 price target on the stock, down previously from $5.00.
  • 6/21/2017 – Precision Drilling Corporation was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $4.50 price target on the stock, down previously from $9.00.
  • 6/13/2017 – Precision Drilling Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/6/2017 – Precision Drilling Corporation was downgraded by analysts at Wolfe Research from an “outperform” rating to a “market perform” rating.
  • 6/6/2017 – Precision Drilling Corporation was given a new $6.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.

Precision Drilling Corporation (PDS) opened at 2.97 on Tuesday. The company’s market cap is $870.92 million. Precision Drilling Corporation has a 52 week low of $2.89 and a 52 week high of $6.25. The stock has a 50 day moving average of $3.26 and a 200 day moving average of $4.37.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last released its quarterly earnings data on Monday, April 24th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.05. Precision Drilling Corporation had a negative return on equity of 8.10% and a negative net margin of 16.02%. The company had revenue of $346.80 million during the quarter, compared to the consensus estimate of $345.06 million. During the same quarter in the prior year, the firm posted ($0.07) earnings per share. The firm’s revenue was up 14.9% compared to the same quarter last year. Equities research analysts predict that Precision Drilling Corporation will post ($0.36) earnings per share for the current fiscal year.

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

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