Precision Drilling Corporation (PDS) - Research Analysts' Weekly Ratings Updates

Bank of New York Mellon has an ownership of 84,060 stocks of the oil and gas firms shares valued at $396,000 after scooping up an extra 1,938 shares through out the quarter. On average, equities analysts anticipate that Precision Drilling Corporation will post ($0.31) EPS for the current fiscal year. Legal & General Group held about 0.16% of Precision Drilling Corporation valued $2,146,000 as of its latest document with the Security and Exchange Commission.

Other analysts also recently issued reports about the company. Citigroup Inc. reiterated an outperform rating on shares of Precision Drilling Corporation in a research note on Wednesday, April 26th. Dalton Greiner Hartman Maher & Co. now owns 5,307,967 shares of the oil and gas company's stock valued at $25,054,000 after buying an additional 2,465,322 shares during the period. The 50 day moving average was down $-0.14 and the 200 day average moved down $-1.18. Precision Drilling Corporation has a consensus rating of "Buy" and an consensus price target of $6.21. BMO Capital Markets reiterated an outperform rating and set a C$9.00 price target on shares of Precision Drilling in a research report on Tuesday, April 25th. During the same quarter in the prior year, the firm posted ($0.07) earnings per share.


Precision Drilling Corporation (Precision) is an oilfield services company. Current price places the company's stock 21.37% away from its 200-day simple moving average, -5.39%, away from the 50-day average and also -2.29% away from 20-day average. Zacks Investment Research cut Precision Drilling Corporation from a "buy" rating to a "hold" rating in a research note on Friday, April 14th. Lastly, Wolfe analysis cut Precision Drilling Corporation from an "outperform" recommendation to a "market perform" recommendation in a study on Tue, Jun 6th. It opened the session with a $1.96 price tag, later ranging from $1.94 to $2.03, the range at which the stock has traded at throughout the day. If you are viewing this report on another publication, it was stolen and republished in violation of United States & global copyright and trademark laws. Canaccord Genuity reduced their price target on shares of Precision Drilling from C$4.75 to C$4.25 in a research note on Wednesday, August 2nd.

Precision Drilling Corp (NYSE:PDS)'s revenue estimates for the current quarter are $268.36 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $274.41 Million in contradiction of low revenue estimates of $259.38 Million. The business's revenue for the quarter was up 68.0% on a year-over-year basis. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Finally, Comerica Bank increased its stake in shares of Precision Drilling Corporation by 8.2% in the fourth quarter. 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, TD Asset Management Inc. raised its stake in shares of Precision Drilling Corporation by 4.7% in the second quarter. TD Asset Management Inc. increased its position in shares of Precision Drilling Corporation by 15.5% in the first quarter. Princeton Alpha Management LP raised its stake in stocks of Precision Drilling Corporation by 18.3% in the Q1. Lastly, Quantbot Technologies purchased a fresh position in stocks of Precision Drilling Corporation during the Q1 worth at about $102,000. investment firms and many large funds has an ownership of 63.17% of the firms stock. Jefferies maintained Precision Drilling Corp (USA) (NYSE:PDS) rating on Monday, July 11. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

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