Economy

$-0.05 EPS Expected for Precision Drilling Corporation (PD) as of April, 23

$-0.05 EPS Expected for Precision Drilling Corporation (PD) as of April, 23

The stock decreased 0.64% or $0.02 during the last trading session, reaching $3.09.

A number of research firms have recently commented on PDS. Canaccord Genuity lifted their price objective on Precision Drilling from C$7.25 to C$8.50 in a research report on Tuesday, December 6th. Finally, Raymond James Financial boosted their price target on Precision Drilling from C$5.50 to C$5.75 and gave the stock a strong-buy rating in a report on Tuesday, February 13th. Evercore ISI lifted their price objective on Precision Drilling from C$8.00 to C$9.00 in a research report on Tuesday, December 20th. Mountain Lake Investment Management LLC grew its stake in Precision Drilling by 747.5% in the fourth quarter. About 2.40M shares traded. Cushing Asset Management LP bought a new position in Precision Drilling during the fourth quarter valued at about $227,000. About 1.11 million shares traded. Jane Street Group LLC now owns 276,975 shares of the oil and gas company's stock valued at $836,000 after buying an additional 146,992 shares in the last quarter. Since October 16, 2017 according to StockzIntelligence Inc Precision Drilling has 5 analyst reports. Letko Brosseau & Associates Inc. now owns 14,120,425 shares of the oil and gas company's stock valued at $42,938,000 after purchasing an additional 680,600 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Precision Drilling by 154.1% during the fourth quarter. Hedge funds and other institutional investors own 45.77% of the company's stock. The company had a trading volume of 2,752,969 shares. The firm has a market cap of $911.97, a PE ratio of -11.04 and a beta of 1.89. Earnings surprises can have a huge impact on a company's stock price. Precision Drilling has a 52-week low of $2.26 and a 52-week high of $4.73.

Analysts expect Precision Drilling Corporation (TSE:PD) to report $-0.05 EPS on April, 23.They anticipate $0.03 EPS change or 37.50 % from last quarter's $-0.08 EPS. The company reported C ($0.08) earnings per share for the quarter, beating the Zacks' consensus estimate of C ($0.10) by C$0.02. The company had revenue of C$347.19 million during the quarter, compared to analysts' expectations of C$340.06 million. Precision Drilling had a negative net margin of 13.54% and a negative return on equity of 10.28%. Precision Drilling's quarterly revenue was up 14.7% on a year-over-year basis. The EPS diference is $0.03 or 37.50 % up from last years number.

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Precision Drilling Corporation (Precision) is an oilfield services company. Precision Drilling Corporation (PDS)'s stock price closed above with 4.57% gap from 200 day simple moving average and its upbeat distance from 50 day simple moving average is 0.04%, while finished with 10.75% Bullish trend from 20 day simple moving average.


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