Economy

Precision Drilling (NYSE:PDS) Earning Somewhat Critical News Coverage, Study Finds

Precision Drilling (NYSE:PDS) Earning Somewhat Critical News Coverage, Study Finds

Shares of Precision Drilling (PDS) traded up $0.03 during trading hours on Thursday, hitting $3.30.

A number of research firms have weighed in on PDS. Precision Drilling now has an average rating of Hold and an average target price of C$8.91.

Several hedge funds have recently added to or reduced their stakes in the company. Finally, Cowen set a $5.00 price objective on Precision Drilling and gave the company a "buy" rating in a research report on Wednesday, October 18th. TD Securities started coverage on Precision Drilling in a report on Monday, September 11th. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. Deutsche Bank initiated coverage on shares of Precision Drilling in a research report on Tuesday, October 10th. The company was upgraded on Tuesday, April 11 by Jefferies.

Precision Drilling Corp (NYSE:PDS) has average revenue estimates of $263.51 Million, compared to low analyst estimates of $250.24 Million and high estimates of $277.4 Million for the current quarter. Finally, Zacks Investment Research cut shares of Precision Drilling from a "hold" rating to a "sell" rating in a research report on Wednesday, October 4th. After having $-0.09 EPS previously, Precision Drilling Corporation's analysts see 0.00% EPS growth. 2,731,938 shares of the stock traded hands, compared to its average volume of 2,905,403. The return on assets stands at -2.6%, Return on Equity now is -5.6% and the Return on Investment value is -0.1%. Precision Drilling has a 1 year low of $2.26 and a 1 year high of $6.14. The oil and gas company reported ($0.07) EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.02. The company has market cap of $980.16 million. Revenue, on the other hand, scored -8.14% growth from the previous quarter, coming up with $191.58 million.

During the same quarter last year, the company posted ($0.16) EPS. equities analysts forecast that Precision Drilling will post -0.3 earnings per share for the current year.

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Before trading, trader, investor or shareholder must have an eye on stock's historical performance.

The company now has an insider ownership of 1 Percent and Institutional ownership of 45.9 Percent. Ameriprise Financial Inc. raised its position in Precision Drilling by 9.8% in the 2nd quarter. When looking at the past five sessions, the stock returned 4.96% gains and is down by -18.09% compared with its 200-day moving average of $18.03. Also, insider Veronica H. Foley purchased 5,000 shares of the company's stock in a transaction dated Tuesday, February 28th. Guardian Capital Advisors LP grew its holdings in shares of Precision Drilling by 2.4% in the second quarter. Sirios Capital Management L P now owns 235,559 shares of the oil and gas company's stock valued at $734,000 after acquiring an additional 20,889 shares in the last quarter. During the same quarter in the prior year, the company earned ($0.16) earnings per share.

This company shares (TIVO) so far managed to recover 7.64% since collapsing to its 52-week low.

Precision Drilling Corporation (NYSE:PDS) gross margin percentage stands at 30.1% while its operating margin for the past trailing twelve month is -6.5 percent and its overall profit margin (ttm) is -8.6 Percent. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and worldwide copyright & trademark legislation. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. It operates through two segments: Contract Drilling Services, and Completion and Production Services.


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