Precision Drilling Corporation (PDS) Given Daily Coverage Optimism Score of 0.13

Marco Green
August 12, 2017

Precision Drilling Corporation earned a media sentiment score of 0.13 on Accern's scale. However a year ago for the same quarter the company has reported $-0.13 EPS.

Precision Drilling Corp (NYSE:PDS)'s trailing twelve month revenues are $879.7 Million, whereas its price to sales ratio for the same period is 0.98.

Seekingalpha.com's article titled: "Western Energy Services As Measured Against Precision Drilling Corporation" and published on July 17, 2017 is yet another important article. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have assigned a buy recommendation and two have given a strong buy recommendation to the company. Whereas its latest closing price kept its distance from the SMA20 at 2.83% and 6.46% from SMA 50 while it was Bullish 4.04% from the simple moving average price of 200 days. For the next 5 years, Precision Drilling Corporation is expecting Growth of -23.64% per annum, whereas in the past 5 years the growth was -4.49% per annum. Piper Jaffray Companies cut shares of Precision Drilling Corp from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $5.00 to $3.25 in a report on Thursday, June 29th.

Franklin Resources Inc increased its investment in Precision Drilling Corporation shares by 42.0% as of the end of the last quarter. For the current year the company's revenue estimates are $1.05 Billion compared to low analyst estimates of $1.01 Billion and high estimates of $1.1 Billion according to 15 number of analysts.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.35 and with a conservative view have low price target of $2.38. The stock exchanged hands 2.14 Million shares versus average trading capacity of 3.09 Million shares. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%.

Precision Drilling Corporation closed its last trading session at $2.95 with the loss of -0.34%. The stock now has a consensus rating of "Buy" and a consensus target price of $6.21.

While considering growth estimates of the company, it has next quarter growth estimates of 25% whereas during current quarter it has 38.5% estimations over growth, comparing to the estimations of 26.2% during current year and 35.5% for next year. Analysts reported that the Price Target for Precision Drilling Corporation might touch $6.32 high while the Average Price Target and Low price Target is $4.5 and $2.39 respectively.

WARNING: This report was originally posted by Markets Daily and is the sole property of of Markets Daily. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & worldwide copyright and trademark law. 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. The stock presently has a consensus rating of "Buy" and an average target price of $6.21. Pacad Investment Ltd. increased its position in shares of Precision Drilling Corporation by 81.2% in the second quarter. Envestnet Asset Management Inc. now owns 50,669 shares of the oil and gas company's stock worth $276,000 after buying an additional 148 shares during the last quarter. Cipher Capital LP purchased a new position in shares of Precision Drilling Corporation during the first quarter worth approximately $120,000. Systematic Financial Management LP boosted its position in shares of Precision Drilling Corporation by 7.7% in the first quarter.

A number of institutional investors have recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. raised its position in Precision Drilling Corporation by 86.7% in the first quarter. Systematic Financial Management Lp owns 14,732,213 shares with a value of $50,237,000. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.

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