Precision Drilling (PDS) Earning Somewhat Positive News Coverage, Study Shows

Media coverage about Precision Drilling (NYSE:PDS) (TSE:PD) has been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Precision Drilling earned a daily sentiment score of 2.00 on their scale. InfoTrie also assigned news headlines about the oil and gas company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock’s share price in the next few days.

These are some of the news headlines that may have effected Precision Drilling’s score:

A number of brokerages have commented on PDS. TD Securities restated a “buy” rating on shares of Precision Drilling in a research note on Thursday. Scotiabank downgraded shares of Precision Drilling from a “sector perform” rating to an “underperform” rating in a research note on Thursday. Canaccord Genuity restated a “buy” rating on shares of Precision Drilling in a research note on Sunday, November 25th. Citigroup upgraded shares of Precision Drilling from a “neutral” rating to a “buy” rating in a research note on Monday, November 19th. Finally, Credit Suisse Group dropped their target price on shares of Precision Drilling from $3.90 to $3.00 and set a “hold” rating on the stock in a research note on Monday, November 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Precision Drilling has a consensus rating of “Hold” and a consensus price target of $4.40.

Shares of PDS stock opened at $2.30 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.73 and a current ratio of 1.85. The stock has a market capitalization of $681.57 million, a price-to-earnings ratio of -8.21 and a beta of 2.10. Precision Drilling has a one year low of $2.19 and a one year high of $4.14.

Precision Drilling (NYSE:PDS) (TSE:PD) last released its quarterly earnings data on Thursday, October 25th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.02). Precision Drilling had a negative net margin of 9.77% and a negative return on equity of 6.59%. The business had revenue of $292.65 million for the quarter, compared to the consensus estimate of $306.54 million. On average, equities analysts forecast that Precision Drilling will post -0.29 EPS for the current fiscal year.

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About Precision Drilling

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, 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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