Published: Mon, June 05, 2017
Money | By Armando Alvarado

Next Weeks Broker Price Targets For Precision Drilling Corporation (NYSE:PDS)


After $0.75 actual EPS reported by Chemours Co for the previous quarter, Wall Street now forecasts -5.33% negative EPS growth. Precision Drilling Corporation had 33 analyst reports since July 24, 2015 according to SRatingsIntel.

Precision Drilling Corp (NYSE:PDS) last released its quarterly earnings data on Monday, April 24th. The company has an Average True Range (ATR) value of 0.14, while a Beta Value of 2.05. The Return on Equity (ROE) value stands at -8%. The company's revenue for the quarter was up 14.9% compared to the same quarter a year ago.

Nike Inc (NYSE:NKE) have shown a high EPS growth of 14.10% in the last 5 years and has earnings growth of 23.70% yoy.

Several research analysts have weighed in on PDS shares. JPMorgan Chase & Co. upgraded shares of Precision Drilling Corp from a "neutral" rating to an "overweight" rating in a research note on Friday, February 3rd. Raymond James Financial, Inc. raised shares of Precision Drilling Corp from a "market perform" rating to an "outperform" rating in a research note on Wednesday, April 26th. Deutsche Bank AG raised their price target on Precision Drilling Corp from $8.00 to $10.00 and gave the company a "buy" rating in a report on Tuesday, April 25th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a C$9.00 target price on shares of Precision Drilling in a report on Friday, February 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Precision Drilling Corp presently has a consensus rating of "Buy" and a consensus price target of $7.01.

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Precision Drilling Corp (PDS) opened at 3.56 on Friday.

Precision Drilling Corporation (NYSE:PDS) last session's volume of 3.47 million shares was higher than its average volume of 2.67 million shares.

Director at SUPERVALU Inc., SALES WAYNE C on 2015-11-27 Sell 533682 shares of the company at a price of $7.05. The stock has gained 1.65%, reaching at $3.69 after hovering between $3.57 and $3.80. The share price has moved backward from its 20 days moving average -1.23% and positively from its 50 days moving average 3.42%. Precision Drilling Corporation has a 52-week low of 3.44 and a 52-week high of 6.25. Institutional investors and hedge funds own 72.77% of the company's stock. Quantbot Technologies LP purchased a new position in Precision Drilling Corp during the first quarter worth about $102,000. Airain ltd acquired a new position in Precision Drilling Corp during the first quarter worth approximately $935,000. Princeton Alpha Management LP increased its stake in Precision Drilling Corp by 18.3% in the first quarter.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. 1832 Asset Management L.P. increased its position in Precision Drilling Corp by 130.1% in the third quarter. Comerica Bank now owns 34,183 shares of the oil and gas company's stock valued at $186,000 after buying an additional 2,586 shares in the last quarter.

Precision Drilling Corporation is an oilfield services company. The Firm provides onshore drilling and completion and production 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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