Canaccord Genuity cut their price objective on shares of Precision Drilling from C$4.75 to C$4.25 in a research report on Wednesday.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products.The firm is worth $1.14 billion. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, April 26th. The oil and gas company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. For the current year the company’s revenue estimates are $1.16 Billion compared to low analyst estimates of $1.09 Billion and high estimates of $1.24 Billion according to the prediction of 16 analysts. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Precision Drilling. -33.33 % EPS growth is what Wall Street’s forecasts after $-0.06 reported EPS last quarter. That’s up 33.33 % from last year’s $-0.06 EPS. Precision Drilling had a negative return on equity of 10.28% and a negative net margin of 13.54%. The company had revenue of $347.19 million during the quarter, compared to analysts’ expectations of $333.97 million. Average estimation for the current quarter has been provided by 14 analysts.
Precision Drilling Corp (NYSE:PDS) as of recent trade, has shown weekly upbeat performance of 10.28% which was maintained at 7.24% in 1-month period. On Tuesday, February 27 the company was maintained by Credit Suisse. The rating was maintained by Piper Jaffray on Thursday, April 5 with “Buy”. The stock has “Buy” rating by Piper Jaffray on Monday, September 18. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The company now has a consensus rating of “Buy” and a consensus target price of C$8.60.
The world’s robust appetite for oil CLK8, +0.48% could be significantly dented by the escalating trade dispute between the USA and China, the International Energy Agency warned Friday, according to Market Watch.
Precision Drilling Corporation (PDS) stock has been separated 4.57% away from the 200-day MA. The company has a quick ratio of 1.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.96. Precision Drilling has a 52-week low of $3.75 and a 52-week high of $8.21. The firm’s market capitalization is $2.16 billion.
Several other research analysts have also commented on the company. Letko Brosseau & Associates Inc. boosted its position in Precision Drilling by 5.1% during the 4th quarter. The stock was bought at an average cost of C$3.55 per share, for a total transaction of C$177,500.00. Mackenzie Financial Corp grew its position in shares of Precision Drilling by 12.6% in the 4th quarter. The stock was acquired at an average price of C$3.02 per share, with a total value of C$30,200.00. Mountain Lake Investment Management LLC increased its stake in Precision Drilling by 747.5% in the 4th quarter. AGF Investments Inc. increased its stake in Precision Drilling by 17.2% in the 4th quarter. Institutional investors own 45.77% of the company’s stock.
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Precision Drilling Corporation (PDS) stock gained attention from Active Investors.