Precision Drilling Corporation (NYSE:PDS) Sees Significantly Higher Trading Volume

Lloyd Doyle
August 19, 2017

Having a peek at growth estimates of the company, Precision Drilling Corp (NYSE:PDS) has current quarter growth estimates of 38.5% however it has 25% estimations over growth for the next quarter. Shares are trading at $2.69 which is quite a bit below $3.02, the stock's 50 day moving average and much lower than the 200 day moving average of $4.03.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial, Inc. upgraded shares of Precision Drilling Corporation from a market perform rating to an outperform rating in a report on Wednesday, April 26th. BidaskClub cut shares of Precision Drilling Corporation from a sell rating to a strong sell rating in a research report on Wednesday, July 19th. Deutsche Bank AG increased their target price on shares of Precision Drilling Corporation from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, April 25th. Finally, Wolfe Research downgraded shares of Precision Drilling Corporation from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 6th.

Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $266190 in the Current Quarter.

Among 18 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 8 Hold. The stock was acquired at an average cost of C$3.58 per share, with a total value of C$125,300.00.

The Relative Volume of the company is 1.02 and Average Volume (3 months) is 3.13 million. The Company has 52-week high of $6.25 and 52-week low of $2.75.


Precision Drilling Corporation (PDS) has a market capitalization of 763.6 Million which suggests the company is a huge company further suggesting that the shares of Precision Drilling Corporation (PDS) are stable and safe compared to the lower market capitalization companies. The company reported the earnings of $-0.09/Share in the last quarter where the estimated EPS by analysts was $-0.16/share. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. The firm had revenue of $275.52 million during the quarter, compared to analysts' expectations of $271.33 million. EPS breaks down the profitability of the company on a single share basis.

However looking at valuation ratios the stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. Analysts predict that Precision Drilling Corporation will post ($0.31) earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This news story was first posted by BBNS and is the property of of BBNS. If you are viewing this story on another site, it was illegally copied and republished in violation of US and worldwide copyright & trademark legislation. The correct version of this story can be viewed at https://weekherald.com/2017/08/18/precision-drilling-corporation-pds-cut-to-sell-at-zacks-investment-research-updated-updated-updated.html. Cipher Capital LP acquired a new stake in Precision Drilling Corporation during the first quarter valued at approximately $120,000. Airain ltd purchased a new stake in shares of Precision Drilling Corporation during the first quarter worth about $935,000. Foundation Resource Management Inc. increased its position in Precision Drilling Corporation by 2.1% in the second quarter. 1,173,383 shares of the company traded hands. Manufacturers Life Insurance Company, The now owns 921,087 shares worth $3,141,000. Precision Drilling Corporation (TSE:PD) has 0.00% since August 18, 2016 and is. Legal & General Group Plc now owns 455,424 shares of the oil and gas company's stock worth $2,146,000 after buying an additional 3,566 shares during the period.

Precision Drilling Corp (NYSE:PDS) as of recent trade, has shown weekly downbeat performance of -11.22% which was maintained at -20.67% in 1-month period. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

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