Analysts See $-0.06 EPS for Precision Drilling Corporation (PD) on April, 26

Marco Green
April 20, 2018

Dalton Greiner Hartman Maher & Co. now owns 5,307,967 shares of the oil and gas company's stock valued at $25,054,000 after buying an additional 2,465,322 shares in the last quarter. A total of 1.6 Million shares exchanged hands, whereas the company's average trading volume stands at 2.7 Million shares.

Jefferies Group cut their FY2019 earnings per share (EPS) estimates for Precision Drilling Corp in a research note issued to investors on Monday.

In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report. On Friday, October 27 the firm has "Buy" rating by Piper Jaffray given. Credit Suisse Group reissued a "neutral" rating and set a $3.40 price target (up from $3.00) on shares of Precision Drilling in a research report on Tuesday, February 27th. Zacks Investment Research raised Precision Drilling from a "hold" rating to a "buy" rating and set a $3.50 price objective on the stock in a research report on Thursday, January 4th. Canaccord Genuity lowered their price objective on shares of Precision Drilling from C$4.75 to C$4.25 in a research report on Wednesday, April 11th. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Beta value of the stock stands at 1.9. Precision Drilling's quarterly revenue was up 14.7% compared to the same quarter previous year. Letko Brosseau & Associates Inc. lifted its position in shares of Precision Drilling by 5.1% in the fourth quarter.

The shares of the company (IRWD) staged the smart recovery as has roared back some 36.54% after stumbling to its new 52-weeks low. Finally, Jane Street Group LLC bought a new position in Precision Drilling during the 3rd quarter worth approximately $406,000.

Shares of PDS opened at $3.27 on Wednesday. Precision Drilling has a 12-month low of C$2.89 and a 12-month high of C$6.04. The company has a current ratio of 2.11, a quick ratio of 1.99 and a debt-to-equity ratio of 0.96.

Precision Drilling (NYSE:PDS) (TSE:PD) last released its quarterly earnings data on Thursday, February 15th. The consensus mean EPS for the current quarter is at $-0.05 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. Precision Drilling had a negative net margin of 10.29% and a negative return on equity of 5.66%. The company had revenue of $347.19 million during the quarter, compared to analysts' expectations of $333.97 million. Analyzing the last five market sessions, the stock was able to report 0.34% gains, thus going up by 12.26%, compared with its 200-day moving average of $15.31.

Precision Drilling (TSE:PD) (NYSE:PDS) has earned a consensus rating of "Buy" from the ten analysts that are now covering the company, MarketBeat.com reports.

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Precision Drilling Corp (NYSE:PDS)'s trailing twelve month revenues are $1.05 Billion, whereas its price to sales ratio for the same period is 0.92. However the company reported $-0.06 earnings per share for the same quarter during previous year. 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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