Precision Drilling (PDS) Set to Announce Earnings on Thursday

Mae Love
February 18, 2018

However the company reported $-0.08 earnings per share for the same quarter during past year. Wellington Management Group LLP lifted its position in shares of Precision Drilling Corporation by 21.9% during the 1st quarter. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock.

Shares of Precision Drilling (TSE PD) opened at C$4.30 on Tuesday. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.37%. However, as 52 Week Range has little to no connection whatsoever with current news or forces affecting companies today, very few investors rely heavily on the metric. Its book value per share for the most recent quarter is $5.03 while its price to book ratio for the same period is 0.67, as for as the company's cash per share for the most recent quarter is $0.34, however its price to cash per share ratio for the same period is 9.82. Institutional investors and hedge funds own 59.64% of the company's stock.

Wall Street analysts are predicting that Precision Drilling Corp (NYSE:PDS) will report earnings per share of $-0.07 in their quarterly report. That puts the market capitalization at $2.16 bln. A total of 3.43 Million shares exchanged at hands and its Average Volume is 2.93 Million. The stock stands almost $2.46 off versus the 52-week high of $5.71 and $0.99 above the 52-week low of $2.26.

ILLEGAL ACTIVITY WARNING: "Precision Drilling (PDS) Set to Announce Earnings on Thursday" was reported by and is the property of of According to the Analysts, the Low Estimate Earnings of the current Quarter is $3.23 whereas, High Estimate is $3.42. The firm had revenue of $347.19 million for the quarter, compared to analysts' expectations of $333.97 million. Precision Drilling Corporation's quarterly revenue was up 68.0% compared to the same quarter past year. Its down 8.89% from 11.74M shares, reported previously. Analysts expect Precision Drilling to post earnings of ($0.08) per share for the quarter.

A number of other analysts have also recently commented on the company. Deutsche Bank AG started coverage on Precision Drilling Corporation in a research report on Tuesday, October 10th. The company has a consensus rating of "Hold" and a consensus target price of $4.50. ValuEngine downgraded Precision Drilling from a "sell" rating to a "strong sell" rating in a research report on Friday, February 2nd.

Mumbai hospital rejects rumors, says Parrikar responding well to treatment
Leader of Opposition Chandrakant Kavlekar said opposition parties have no issues if the session is curtailed. The chief minister is well and under observation.

Youth Congress Leader Thrashes Person at Upscale Restaurant in Bengaluru, Gets Expelled
Nalapad allegedly objected to Vidwat, who came to the pub in a leg cast, taking up space to stretch his injured foot. Bharatiya Janata Party workers in Bengaluru protested over an incident where Congress General Secretary and.

PNB, SBI, Gitanjali Gems, Indoco Remedies
PNB shares had also plunged in the previous two sessions after the fraud came to the light. Of this, Rs 90 crore has been repaid by Firestar International.

The stock price volatility remained at 6.32% in recent month and reaches at 7.83% for the week. Finally, Citigroup decreased their target price on Precision Drilling from C$4.25 to C$4.00 in a research report on Friday, November 17th.

Looking at the Analyst Recommendations of the stock, 3 Analysts issued a Buy for MoSys, 10 gave Outperform, 7 analysts gave Hold Rating, 1 issued Underperform and 0 marked the stock as Sell.

Taking a broader look at the analyst consensus, according to 13 analysts Precision Drilling Corp (NYSE:PDS)'s price will reach at $4.47 during 52 weeks.

Precision Drilling Corporation stock waking on thin line between bulls and bears tracks and with several factors it's pulling towards optimistic side to some extend but some take to pessimistic side. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The firm operates in two divisions, Contract Drilling Services, and Completion and Production Services.

Other reports by

Discuss This Article