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The Precision Drilling Corporation (PDS) Earns "Hold" Rating from Piper Jaffray Companies

12 August 2017

Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Jefferies Group also issued estimates for Precision Drilling Corporation's Q3 2017 earnings at ($0.10) EPS, Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.36) EPS, FY2018 earnings at ($0.28) EPS, FY2019 earnings at $0.36 EPS and FY2020 earnings at $1.00 EPS.

Other analysts also recently issued reports about the company.

Franklin Resources Inc increased its investment in Precision Drilling Corporation shares by 42.0% as of the end of the last quarter. Raymond James Financial, boosted Precision Drilling Corporation from a "market perform" recommendation to an "outperform" recommendation in a analysis report on Wed, Apr 26th.

7/11/2017 - Precision Drilling Corporation had its "buy" rating reaffirmed by analysts at Cowen and Company. Finally, Wolfe Research cut shares of Precision Drilling Corporation from an outperform rating to a market perform rating in a research note on Tuesday, June 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock.

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Shares of Precision Drilling Corporation (NYSE:PDS) remained flat at $2.97 during mid-day trading on Wednesday. 2,916,563 shares of the company were exchanged. The stock's market cap is $1.10 billion. The company has a 50-day moving average of $3.96 and a 200 day moving average of $5.50.

Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $2.85, its price distance from 52-week high is -52.96% while its distance from 52-week low price is 3.16%.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last posted its quarterly earnings results on Monday, July 31st.

As of the latest earnings report the EPS was $-0.38 and is expected to be $-0.31 for the current year with 293,238,000 shares now outstanding.

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Precision Drilling Corporation (Precision) is an oilfield services company. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. Analysts expect that Precision Drilling Corporation will post ($0.32) earnings per share for the current fiscal year.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.35 and with a conservative view have low price target of $2.38. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States & global copyright laws. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/08/07/canaccord-genuity-lowers-precision-drilling-co-tsepd-price-target-to-c4-75-updated-updated-updated.html. Franklin Resources Inc. now owns 44,803,597 shares of the oil and gas company's stock valued at $153,112,000 after buying an additional 13,815,928 shares during the period. Finally, Systematic Financial Management LP boosted its stake in Precision Drilling Corporation by 7.7% in the first quarter. Parametric Portfolio Associates LLC now owns 53,083 shares of the oil and gas company's stock valued at $251,000 after buying an additional 30,964 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Precision Drilling Corporation by 140.0% in the first quarter. 2,726,963 shares of the company's stock traded hands. Vanguard Group Inc. now owns 6,074,303 shares of the oil and gas company's stock valued at $20,712,000 after buying an additional 413,573 shares during the last quarter.

In other Precision Drilling news, Director Brian James Gibson purchased 35,000 shares of the business's stock in a transaction that occurred on Tuesday, August 1st. Princeton Alpha Management LP has an ownership of 37,809 stocks of the oil and gas firms shares valued at $178,000 after scooping up an extra 5,861 shares through out the quarter. Morgan Stanley dropped Precision Drilling Corporation from an "overweight" recommendation to an "equal weight" recommendation and reduced their PT for the company from $9.00 to $4.50 in a study note published on Wed, Jun 21st. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.

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