Many analysts have provided their estimated foresights on Precision Drilling Corporation Earnings, with 17 analysts believing the company would generate an Average Estimate of $-0.07. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. This segment's services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and refurbishment of drilling and service rig equipment. It provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; snubbing units for pressure control services; camp and catering services; and water system services. Precision Drilling Corporation is headquartered in Calgary, Canada.
A number of other equities research analysts also recently weighed in on PD. Cowen and Company reissued a "buy" rating and issued a $5.00 price target on shares of Precision Drilling Corporation in a research note on Tuesday, July 11th. UBS AG raised Precision Drilling Corporation from an "outperform" rating to a "strong-buy" rating in a research note on Thursday, July 6th.
Precision Drilling Corp (NYSE:PDS)'s trailing twelve month revenues are $861.8 Million, whereas its price to sales ratio for the same period is 1.02. ValuEngine upgraded shares of Precision Drilling Corporation from a strong sell rating to a sell rating in a research note on Monday, October 2nd. The company's a year ago sales total was 221250. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The company now has an average rating of "Hold" and a consensus target price of C$6.25.
Precision Drilling Corporation (NYSE PDS) opened at 2.54 on Thursday. Precision Drilling has a 1-year low of $2.89 and a 1-year high of $8.21. The firm's 50 day moving average is $3.44 and its 200 day moving average is $4.13.
Crude, gasoline inventories fall
Eleven analysts polled ahead of inventory reports from the industry group American Petroleum Institute (API) and the U.S. Production has been in a range of 9.07 million bpd to 9.23 million since February, according to the data.
Precision Drilling Corporation (NYSE:PDS) belongs to Basic Materials sector, the firm standing on a contradictory position. Cormark analyst J. Zhang now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.03. While in the same Quarter Previous year, the Actual EPS was $-0.08.
Analysts at Cormark decreased their Q4 2018 EPS estimates for shares of Precision Drilling Corporation in a research note issued to investors on Monday. Legal & General Group Plc increased its stake in shares of Precision Drilling Corporation by 0.8% in the first quarter. If you are accessing this report on another website, it was stolen and reposted in violation of US and global trademark & copyright legislation. The correct version of this report can be accessed at https://baseballnewssource.com/markets/precision-drilling-corporation-pds-raised-to-hold-at-zacks-investment-research/1737004.html.
Several institutional investors have recently added to or reduced their stakes in the company.
Analysts are also projecting an Average Revenue Estimate for Precision Drilling Corporation as $264200 in the Current Quarter. Swiss National Bank now owns 493,700 shares of the oil and gas company's stock valued at $1,687,000 after buying an additional 10,800 shares during the period. FMR LLC now owns 16,603,054 shares of the oil and gas company's stock valued at $56,719,000 after purchasing an additional 3,007,124 shares during the period. The company's beta value is at 1.78. Wellington Management Group LLP lifted its stake in shares of Precision Drilling Corporation by 21.9% in the first quarter. Dimensional Fund Advisors LP now owns 598,357 shares of the oil and gas company's stock valued at $2,824,000 after buying an additional 2,600 shares during the period. Dalton Greiner Hartman Maher & Co. now owns 5,758,072 shares of the oil and gas company's stock valued at $19,635,000 after purchasing an additional 450,105 shares during the period. The company stock experienced a 3.1% move to arrive at $2.99.