Precision Drilling presently has an average rating of "Buy" and an average target price of C$6.20.
Precision Drilling (TSE:PD) (NYSE:PDS) had its price target cut by equities researchers at Raymond James Financial from C$5.75 to C$5.50 in a research report issued on Tuesday. Dimensional Fund Advisors LP increased its holdings in shares of Precision Drilling by 0.4% in the 1st quarter. TD Asset Management Inc. increased its holdings in shares of Precision Drilling by 4.7% in the 2nd quarter.
In related news, Director Kevin A. Neveu acquired 10,000 shares of the company's stock in a transaction dated Monday, August 28th. Institutional investors and hedge funds own 49.27% of the company's stock.
PD has been the subject of a number of recent research reports. Scotiabank downgraded Precision Drilling from a "sector perform" rating to an "underperform" rating in a report on Tuesday, November 7th.
The Delphi Automotive PLC (DLPH) Updates Q2 Earnings Guidance
BidaskClub upgraded shares of Delphi Automotive from a sell rating to a hold rating in a research report on Thursday, August 24th. The auto parts company reported $1.66 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.56 by $0.10.
Precision Drilling Corporation has a consensus outperform rating from 22 Wall Street analysts, and the number of shares now sold short amount to at least 4.02% of shares outstanding. Piper Jaffray Companies set a $4.00 price target on Precision Drilling and gave the company a "buy" rating in a report on Sunday, October 29th. CIBC reduced their price target on shares of Precision Drilling from C$8.00 to C$7.00 in a research report on Friday, October 20th. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover PDS having a buy-equivalent rating.
Shares of Precision Drilling Corp (PDS) traded down $0.10 on Wednesday, reaching $2.79. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Also, the current price highlights a discount of 139.44% to analysts' high consensus price target. 1,242,161 shares of the company were exchanged, compared to its average volume of 1,926,944. The company has a quick ratio of 2.10, a current ratio of 2.22 and a debt-to-equity ratio of 0.96.
Precision Drilling (TSE PD) opened at C$3.37 on Tuesday. The oil and gas company reported ($0.07) EPS for the quarter, topping the Zacks' consensus estimate of ($0.09) by $0.02. Its revenue totaled $323.51 million up 17.42% from the previous quarter.
Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $2.26, its price distance from 52-week high is -57.6% while its distance from 52-week low price is 17.45%. The firm's revenue was up 47.2% on a year-over-year basis.
Former SC cop committed 2nd-degree murder, judge rules
A federal judge has ruled that a former SC officer committed second-degree murder when he shot an unarmed black motorist to death. Before closing arguments began Judy Scott, Walter Scott's mother, was called to the stand by prosecutors as a rebuttal witness.
Currently Precision Drilling Corp (NYSE:PDS)'s shares owned by insiders are 1%, whereas shares owned by institutional owners are 45.9%.
WARNING: This piece was first published by Week Herald and is the property of of Week Herald. If you are reading this story on another publication, it was illegally stolen and reposted in violation of global copyright and trademark law.
On the other hand the company has Relative Strength Index (RSI 14) of 45.08 along with Average True Range (ATR 14) of 0.17, Consequently Precision Drilling Corp (NYSE:PDS)'s weekly and monthly volatility is 5.57%, 5.44% respectively. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.
Hot Tickers: Newell Brands Inc. (NWL), eBay Inc. (EBAY)
The company reported $0.86 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.92 by ($0.06). Sheets Smith Wealth invested in 21,050 shares or 0.3% of the stock. 16,719 were accumulated by James Inv Research.