Precision Drilling Corporation (PDS) Given Consensus Recommendation of “Hold” by Brokerages

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) has received a consensus rating of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $5.94.

A number of equities analysts recently issued reports on PDS shares. Zacks Investment Research lowered Precision Drilling Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine lowered Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Cowen and Company reissued a “buy” rating and issued a $5.00 price objective on shares of Precision Drilling Corporation in a report on Tuesday, July 11th. Raymond James Financial, Inc. raised Precision Drilling Corporation from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, BidaskClub lowered Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.

Precision Drilling Corporation (NYSE:PDS) remained flat at $2.77 during mid-day trading on Wednesday. 593,851 shares of the company traded hands. The stock’s 50-day moving average price is $2.79 and its 200-day moving average price is $3.44. Precision Drilling Corporation has a 12-month low of $2.38 and a 12-month high of $6.25. The firm’s market capitalization is $812.27 million.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%. The business had revenue of $275.52 million during the quarter, compared to analyst estimates of $271.33 million. During the same period in the prior year, the company posted ($0.20) EPS. The business’s revenue for the quarter was up 68.0% compared to the same quarter last year. Analysts anticipate that Precision Drilling Corporation will post ($0.32) EPS for the current year.

WARNING: “Precision Drilling Corporation (PDS) Given Consensus Recommendation of “Hold” by Brokerages” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/precision-drilling-corporation-pds-given-consensus-recommendation-of-hold-by-brokerages.html.

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Precision Drilling Corporation during the 1st quarter valued at $102,000. Cipher Capital LP acquired a new stake in shares of Precision Drilling Corporation during the 1st quarter valued at $120,000. Tower Research Capital LLC TRC lifted its position in shares of Precision Drilling Corporation by 200.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 29,724 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 19,819 shares during the last quarter. Pacad Investment Ltd. lifted its position in shares of Precision Drilling Corporation by 81.2% during the 2nd quarter. Pacad Investment Ltd. now owns 32,800 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 14,700 share

A number of equities analysts recently issued reports on PDS shares. Zacks Investment Research lowered Precision Drilling Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. ValuEngine lowered Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Cowen and Company reissued a “buy” rating and issued a $5.00 price objective on shares of Precision Drilling Corporation in a report on Tuesday, July 11th. Raymond James Financial, Inc. raised Precision Drilling Corporation from an “outperform” rating to a “strong-buy” rating in a report on Thursday, July 6th. Finally, BidaskClub lowered Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th.

Precision Drilling Corporation (NYSE:PDS) remained flat at $2.77 during mid-day trading on Wednesday. 593,851 shares of the company traded hands. The stock’s 50-day moving average price is $2.79 and its 200-day moving average price is $3.44. Precision Drilling Corporation has a 12-month low of $2.38 and a 12-month high of $6.25. The firm’s market capitalization is $812.27 million.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%. The business had revenue of $275.52 million during the quarter, compared to analyst estimates of $271.33 million. During the same period in the prior year, the company posted ($0.20) EPS. The business’s revenue for the quarter was up 68.0% compared to the same quarter last year. Analysts anticipate that Precision Drilling Corporation will post ($0.32) EPS for the current year.

WARNING: “Precision Drilling Corporation (PDS) Given Consensus Recommendation of “Hold” by Brokerages” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://ledgergazette.com/2017/10/09/precision-drilling-corporation-pds-given-consensus-recommendation-of-hold-by-brokerages.html.

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in shares of Precision Drilling Corporation during the 1st quarter valued at $102,000. Cipher Capital LP acquired a new stake in shares of Precision Drilling Corporation during the 1st quarter valued at $120,000. Tower Research Capital LLC TRC lifted its position in shares of Precision Drilling Corporation by 200.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 29,724 shares of the oil and gas company’s stock valued at $132,000 after acquiring an additional 19,819 shares during the last quarter. Pacad Investment Ltd. lifted its position in shares of Precision Drilling Corporation by 81.2% during the 2nd quarter. Pacad Investment Ltd. now owns 32,800 shares of the oil and gas company’s stock valued at $112,000 after acquiring an additional 14,700 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Precision Drilling Corporation during the 2nd quarter valued at $158,000. Institutional investors own 61.43% of the company’s stock.

About Precision Drilling Corporation

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

Analyst Recommendations for Precision Drilling Corporation (NYSE:PDS)

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