FY2017 EPS Estimates for Precision Drilling Co. (PD) Lifted by Jefferies Group

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Research analysts at Jefferies Group lifted their FY2017 EPS estimates for shares of Precision Drilling in a report issued on Wednesday. Jefferies Group analyst B. Handler now forecasts that the company will earn ($0.38) per share for the year, up from their prior estimate of ($0.49). Jefferies Group also issued estimates for Precision Drilling’s Q4 2017 earnings at ($0.09) EPS, Q1 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.30) EPS and FY2019 earnings at $0.35 EPS.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity cut their price target on Precision Drilling from C$4.75 to C$4.25 in a research note on Wednesday, August 2nd. CIBC lifted their price target on Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. BMO Capital Markets cut their price target on Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating for the company in a research note on Tuesday, August 1st. Citigroup Inc. lifted their price target on Precision Drilling from C$4.00 to C$4.25 in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada cut their price target on Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, October 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$6.25.

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Precision Drilling (TSE PD) opened at C$4.00 on Friday. Precision Drilling has a 12 month low of C$2.89 and a 12 month high of C$8.21.

In other Precision Drilling news, Director Steven Wayne Krablin bought 10,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of C$2.63 per share, for a total transaction of C$26,300.00.

About Precision Drilling

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.

Earnings History and Estimates for Precision Drilling (TSE:PD)

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