Deutsche Bank AG's target price points to a potential upside of 54.44% from the company's current price. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has "Neutral" rating given on Wednesday, December 14 by Citigroup.
On June 21, 2017 the stock rating was changed to "Equal-Weight" in a report from Morgan Stanley which was a cut from the previous "Overweight" rating. The firm has "Hold" rating by Jefferies given on Tuesday, September 6. Raymond James Financial, Inc. reduced their price target on Precision Drilling from C$6.50 to C$5.75 and set a speculative buy rating on the stock in a research report on Tuesday, August 22nd. Zacks Investment Research downgraded Precision Drilling Corp from a "buy" rating to a "hold" rating in a report on Tuesday, March 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company.
Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 9 Hold.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.36 and with a conservative view have low price target of $2.39. The firm has a 50-day moving average of $3.46 and a 200-day moving average of $4.44. The company had Year Ago Sales of 160.51 Million.
Earnings Approximations to Watch: Regeneron Pharmaceuticals, Inc. (REGN), Abbott Laboratories (ABT)
The stock of Regeneron Pharmaceuticals Inc (NASDAQ:REGN) earned "Neutral" rating by Chardan Capital Markets on Monday, August 31. Currently, 1.74 billion total shares are owned by the public and among those 1.72 billion shares have been available to trade.
Precision Drilling Corporation on 6/29/2017 reported its EPS as $-0.13 with the analysts projecting the EPS of the stock as $-0.17. The company reported the earnings of $-0.1/Share in the last quarter where the estimated EPS by analysts was $-0.16/share. Precision Drilling Corp had a negative net margin of 16.58% and a negative return on equity of 8.01%.
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $263570 in the Current Quarter. Precision Drilling has a 1-year low of $3.01 and a 1-year high of $8.21. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned "Buy" rating by Evercore on Saturday, August 22. This segment operated 196 well completion and workover service rigs, and 11 snubbing units in Canada and the United States; approximately 2,200 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation and solids control equipment; and 132 wellsite accommodation units in Canada. Insiders have acquired 55,000 shares of company stock valued at $182,900 over the last ninety days. The value of the investment in Precision Drilling Corporation went from $8,022,000 to $2,439,000 decreasing 69.6% quarter to quarter. Pacad Investment Ltd. now owns 32,800 shares of the oil and gas company's stock worth $112,000 after purchasing an additional 14,700 shares during the period. As of the end of the quarter Energy Opportunities Capital Management, LLC had disposed of 984,416 shares trimming its position 57.9%. Finally, Parametric Portfolio Associates LLC boosted its position in Precision Drilling Corporation by 140.0% during the first quarter. The stock is trading for about -12.04% less than its 52-week high. Institutional investors own 72.77% of the company's stock.
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The Contract Drilling Services segment offers onshore well drilling 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.
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