Hot Performer of the day: Precision Drilling Corporation (NYSE:PDS)

Cornelia Mascio
Marzo 11, 2017

Precision Drilling Corp (NYSE:PDS) (TSE:PD) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued on Tuesday. I.G. Investment Management LTD. owned about 0.39% of Precision Drilling Corporation worth $6,160,000 at the end of the most recent quarter. The Completion and Production Services segment includes service rigs and equipment rentals in Canada and the United States, and snubbing and coil tubing, camps and catering, and water systems in Canada.

Precision Drilling Corporation (NYSE:PDS) topped its 52-week high price target of 6.25 on Dec 12, 2016. Scotiabank raised Precision Drilling Corp from an "underperform" rating to a "sector perform" rating in a research report on Wednesday, February 22nd.

According to Yahoo Finance, the price target for the company which analysts are aiming is 8.95. The consensus rating is 2.2, suggesting the market has given up on the stock.

There are 2 sell ratings, 3 hold ratings, 5 buy ratings on the stock. Credit Suisse Group AG raised Precision Drilling Corp from an underperform rating to a neutral rating and increased their target price for the company from $4.25 to $6.00 in a report on Wednesday, January 4th. Finally, Tudor Pickering raised Precision Drilling Corp from a hold rating to a buy rating in a report on Tuesday, November 29th.

Precision Drilling Corp (NYSE:PDS) last announced its quarterly earnings results on Thursday, February 9th. The firm has a 50-day moving average of $5.43 and a 200-day moving average of $4.92. The company's market cap is $1.36 billion. Precision Drilling Corp has a 52-week low of $3.51 and a 52-week high of $6.25. The company reported ($0.10) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.12) by $0.02. The Relative Volume value measured for Precision Drilling Corporation (NYSE:PDS) is 1.55. The firm had revenue of $284 million for the quarter, compared to analyst estimates of $196.97 million.

Annual earnings per share (EPS) growth noted at -22.80% in past 5 Years.

The performance for week is -8.55% and the performance for quarter is at -17.27%.

Precision Drilling Corporation has a 52 week low of $4.66 and a 52 week high of $8.21 The company's market cap is now $0.

This news story was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of United States and worldwide copyright and trademark legislation. The net percent change held by Institutional Investors has seen a change of -2.46% in last three month period.

Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $254.33 Million in the Current Quarter. Scotia Capital Inc. now owns 133,544 shares of the company's stock worth $727,000 after buying an additional 4,967 shares in the last quarter. Creative Planning increased its stake in shares of Precision Drilling Corp by 326.0% in the third quarter. AQR Capital Management LLC acquired a new stake in shares of Precision Drilling Corp during the fourth quarter worth about $223,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of Precision Drilling Corporation by 72.2% in the third quarter.

Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain worldwide locations. The company operates in two segments, Contract Drilling Services; and Completion and Production Services.

Several large investors have recently modified their holdings of PDS.

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