Shares of Precision Drilling Corporation (NYSE:PDS) (TSE:PD) have earned an average recommendation of “Buy” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $6.28.
PDS has been the topic of a number of analyst reports. Deutsche Bank AG lifted their price objective on Precision Drilling Corporation from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Citigroup Inc. reiterated an “outperform” rating on shares of Precision Drilling Corporation in a research report on Wednesday, April 26th. Raymond James Financial, Inc. upgraded Precision Drilling Corporation from a “market perform” rating to an “outperform” rating in a research report on Wednesday, April 26th. Jefferies Group LLC reduced their price objective on Precision Drilling Corporation from $6.50 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, May 3rd. Finally, Wolfe Research downgraded Precision Drilling Corporation from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 6th.
Precision Drilling Corporation (PDS) traded down 3.925% during trading on Tuesday, hitting $2.815. The stock had a trading volume of 2,027,831 shares. Precision Drilling Corporation has a 12 month low of $2.80 and a 12 month high of $6.25. The company’s 50 day moving average is $3.08 and its 200-day moving average is $4.08. The company’s market cap is $825.47 million.
Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last announced its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.09) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.07. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%. The firm had revenue of $275.52 million for the quarter, compared to the consensus estimate of $271.33 million. During the same quarter last year, the business posted ($0.20) earnings per share. The firm’s revenue was up 68.0% compared to the same quarter last year. On average, equities research analysts predict that Precision Drilling Corporation will post ($0.31) earnings per share for the current year.
Large investors have recently modified their holdings of the stock. Airain ltd purchased a new stake in shares of Precision Drilling Corporation during the first quarter worth $935,000. AGF Investments Inc. boosted its stake in shares of Precision Drilling Corporation by 10.7% in the first quarter. AGF Investments Inc. now owns 1,355,637 shares of the oil and gas company’s stock worth $6,405,000 after buying an additional 130,500 shares during the last quarter. CIBC World Markets Inc. boosted its stake in shares of Precision Drilling Corporation by 4.5% in the first quarter. CIBC World Markets Inc. now owns 509,454 shares of the oil and gas company’s stock worth $2,405,000 after buying an additional 22,157 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of Precision Drilling Corporation by 140.0% in the first quarter. Parametric Portfolio Associates LLC now owns 53,083 shares of the oil and gas company’s stock worth $251,000 after buying an additional 30,964 shares during the last quarter. Finally, TD Asset Management Inc. boosted its stake in shares of Precision Drilling Corporation by 15.5% in the first quarter. TD Asset Management Inc. now owns 5,500,185 shares of the oil and gas company’s stock worth $25,942,000 after buying an additional 736,820 shares during the last quarter. 63.21% of the stock is owned by institutional investors and hedge funds.
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Precision Drilling Corporation Company Profile
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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