Precision Drilling (TSE:PD) PT Raised to C$7.00

Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 9 Hold. Five analysts have made estimates for Precision Drilling's earnings, with the lowest sales estimate coming in at $256.00 million and the highest estimate coming in at $289.40 million. A year ago the company's sales were $231300 while its sales growth yearly estimates for the current quarter are 16.8%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 15th. Previously Precision Drilling Corp (NYSE:PDS) reported $-0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.1 by $0.03 with surprise factor of 30%. The company's market cap is $1.08 Billion. (ADT) price will be reaching a mean target of $42 a share.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $5.7 and with a conservative view have low price target of $2.69. Precision Drilling Corporation (NYSE:PDS) has declined 14.25% since February 1, 2017 and is downtrending. Jefferies maintained the shares of PDS in report on Monday, July 11 with "Underweight" rating. The stock of Precision Drilling Corporation (NYSE:PDS) has "Overweight" rating given on Friday, January 6 by Piper Jaffray.

Additionally on 9/18/17 PiperJaffray "Upgrades" Precision Drilling Corp (NYSE:PDS) to Overweight setting price target at $0 and on 9/12/17 JP Morgan "Downgrades" the stock to Neutral at $0. For the current quarter Precision Drilling Corp (NYSE:PDS) has high EPS estimates of $-0.04 in contradiction of low EPS estimates of $-0.11. The company presently has a consensus rating of "Hold" and a consensus price target of $4.73.

The stock decreased 3.64% or $0.13 during the last trading session, reaching $3.44.

Precision Drilling Corp (NYSE:PDS) shares traded on -3.51% below secure line and closed at $3.57. 1 analysts call it Underweight, while 10 think it is Overweight. The Firm has ATR of 0.18 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range.


The company's quick ratio for most recent quarter is 2.10. Whereas long-term trend followers generally uses SMA200 and most investors will look for a cross above or below this average to represent if the stock is in a bullish or bearish trend. Deutsche Bank started coverage on Precision Drilling in a research report on Tuesday, October 10th.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. Vanguard Group Inc. grew its holdings in Precision Drilling by 7.3% during the second quarter. TD Asset Management Inc. grew its holdings in Precision Drilling by 2.3% during the third quarter. Finally, Virtu KCG Holdings LLC raised its holdings in Precision Drilling by 49.9% in the second quarter. The RSI computes momentum as the ratio of higher closes to lower closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or stronger negative changes.

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Precision Drilling Corporation (Precision) is an oilfield services company.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

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