Analyst Research and Ratings: Precision Drilling Corporation (PDS), Cinemark Holdings, Inc. (CNK)

Marco Green
September 14, 2017

The analysts estimated EPS for the higher end at -0.07 and lower end at -0.18 while the year ago reported earnings per share was -0.13. Insiders have acquired a total of 55,000 shares of company stock valued at $182,900 in the last ninety days. Cipher Capital LP purchased a new position in shares of Precision Drilling Corporation in the 1st quarter worth approximately $120,000. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. For the current year the company's revenue estimates are $1.09 Billion compared to low analyst estimates of $1.03 Billion and high estimates of $1.15 Billion according to the prediction of 17 analysts.

The 14-day ADX for Precision Drilling Corp (PD.TO) is now sitting at 21.49. However the company reported $-0.13 earnings per share for the same quarter during a year ago.

Precision Drilling Corporation (NYSE:PDS) tinted gains of +3.8% (+0.1 points) to US$2.73.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products.

Recent insider trends for Precision Drilling Corporation (NYSE:PDS) have caught the attention of investors. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. The company has market cap of $806.39 million.

Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $2.38, its price distance from 52-week high is -56.32% while its distance from 52-week low price is 14.71%. Morgan Stanley maintained Precision Drilling Corp (USA) (NYSE:PDS) on Tuesday, April 19 with "Overweight" rating. Raymond James downgraded Precision Drilling Corp (USA) (NYSE:PDS) on Wednesday, April 20 to "Underperform" rating.

The company has mean EPS estimate of -0.09 reported by 18 number of analyst for the quarter ending Current Qtr.(Sep2017). The business earned $284 million during the quarter, compared to analysts' expectations of $196.97 million. Precision Drilling Corporation has a 1-year low of $2.38 and a 1-year high of $6.25. In contrast to the year ago quarter EPS was at -0.09.

PDS has been the topic of several research reports.

The volume of the particular stock is the shares bought and sold in a single trading day. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. Wedbush maintained the shares of SBUX in report on Wednesday, September 28 with "Outperform" rating.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.6 and with a conservative view have low price target of $2.48. CIBC raised their price objective on Precision Drilling from C$8.00 to C$11.00 in a research report on Thursday, July 20th. The firm has "Hold" rating by Piper Jaffray given on Thursday, August 3. Also, the current price highlights a discount of 10.42% to analysts' high consensus price target.

Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain global locations. The company operates in two segments, Contract Drilling Services, and Completion and Production Services.

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