Precision Drilling Corp (PDS) Upgraded at Jefferies Group LLC

Precision Drilling staff

The analysts offering Earnings Estimates for the company were believing that Precision Drilling Corporation (PDS) could bring EPS of $-0.12/share. The oil and gas company reported ($0.06) EPS for the quarter, beating the Thomson Reuters' consensus estimate of ($0.11) by $0.05.

First quarter revenue of $346 million was a boost of 15% over the prior year comparative quarter.

Telling clients Precision has moved into "attractive value territory", Bradford noted that the earnings miss was largely the result of one-time costs and higher-than-anticipated certification expenses in the U.S. The business's revenue was up 14.9% compared to the same quarter previous year.

Precision Drilling Corporation's RSI is 33.81.

Further back, their 200-Day Simple Moving Average is -13.44% difference from today's price. The company's market cap is $2.17 billion.

PDS has a 1-year high price of $ 6.25 and 1-year low price of $3.51.

Several analysts recently issued reports on the stock. Deutsche Bank AG increased their price target on Precision Drilling Corp from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday. Raymond James Financial, Inc. upgraded shares of Precision Drilling Corp from an "underperform" rating to a "market perform" rating and set a $6.30 target price for the company in a research report on Friday, February 10th.

At the moment 23 analysts are watching Precision Drilling Corporation (NASDAQ:PDS), 4 rate it "Buy", 11 "Outperform", 7 "Underperform", 1 "Sell", while 0 "Hold". Jefferies Group has a "Buy" rating and a $7.00 price objective on the stock.

Analysts await Precision Drilling Corporation (NASDAQ:PDS) to report earnings on April, 24 for the fiscal quarter ending Mar 2017. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company now has an average rating of "Buy" and a consensus target price of C$8.88.

Precision Drilling Corporation (PDS) is now showing its ROA (Return on Assets) of -3.5%. If you are accessing this piece on another website, it was illegally stolen and republished in violation of US and global trademark and copyright law. Institutional investors and hedge funds own 72.77% of the company's stock. Zacks' EPS averages are an average based on a survey of analysts that cover Precision Drilling Corp.

Wall Street analysts forecast that Precision Drilling Corp (NYSE:PDS) (TSE:PD) will announce earnings of ($0.18) per share for the current quarter, according to Zacks Investment Research. 1832 Asset Management L.P. now owns 22,016,410 shares of the oil and gas company's stock valued at $91,968,000 after buying an additional 12,446,668 shares during the last quarter. Also, Director Carey Thomas Ford bought 7,000 shares of Precision Drilling stock in a transaction that occurred on Tuesday, March 14th.

Net loss was $22.6 million or eight cents per share, compared with $19.9 million or seven cents per share a year earlier.

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