Precision Drilling Corp (NYSE:PDS) Receives Average Recommendation of “Buy” from Analysts

Share on StockTwits

Shares of Precision Drilling Corp (NYSE:PDS) (TSE:PD) have been assigned a consensus rating of “Buy” from the sixteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $3.96.

A number of analysts have weighed in on the company. Jefferies Financial Group cut Precision Drilling from a “buy” rating to a “hold” rating and reduced their price target for the stock from $3.00 to $2.60 in a research report on Friday, March 15th. AltaCorp Capital reaffirmed an “outperform” rating on shares of Precision Drilling in a research report on Thursday, June 20th. Raymond James reaffirmed a “buy” rating on shares of Precision Drilling in a research report on Wednesday, June 5th. BMO Capital Markets reaffirmed a “buy” rating on shares of Precision Drilling in a research report on Friday, April 26th. Finally, ValuEngine raised Precision Drilling from a “sell” rating to a “hold” rating in a research report on Monday, April 1st.

PDS traded up $0.10 during trading on Friday, reaching $1.93. 7,276 shares of the stock traded hands, compared to its average volume of 1,208,863. The stock has a market cap of $531.74 million, a PE ratio of -7.35 and a beta of 2.35. Precision Drilling has a fifty-two week low of $1.62 and a fifty-two week high of $4.12. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.99 and a current ratio of 2.11. The firm’s 50-day moving average price is $1.92.

Several institutional investors have recently bought and sold shares of PDS. Marshall Wace LLP bought a new position in shares of Precision Drilling in the first quarter worth about $36,000. Millennium Management LLC bought a new position in shares of Precision Drilling in the fourth quarter worth about $40,000. Evergreen Capital Management LLC bought a new position in shares of Precision Drilling in the first quarter worth about $54,000. Creative Planning bought a new position in shares of Precision Drilling in the first quarter worth about $65,000. Finally, Virtu Financial LLC bought a new position in shares of Precision Drilling in the first quarter worth about $141,000. Institutional investors and hedge funds own 43.37% of the company’s stock.

Precision Drilling Company Profile

Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Featured Article: How to Invest in the Dividend Aristocrat Index

Analyst Recommendations for Precision Drilling (NYSE:PDS)

Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Wheeler Real Estate Investment Trust  Shares Cross Below Two Hundred Day Moving Average of $0.00
Wheeler Real Estate Investment Trust Shares Cross Below Two Hundred Day Moving Average of $0.00
Baskerville Capital  Sets New 1-Year High at $4.55
Baskerville Capital Sets New 1-Year High at $4.55
Wheeler Real Estate Investment Trust  Shares Cross Below Two Hundred Day Moving Average of $0.00
Wheeler Real Estate Investment Trust Shares Cross Below Two Hundred Day Moving Average of $0.00
Baskerville Capital  Sets New 1-Year High at $4.55
Baskerville Capital Sets New 1-Year High at $4.55
Boston Therapeutics  Share Price Crosses Below 200-Day Moving Average of $0.00
Boston Therapeutics Share Price Crosses Below 200-Day Moving Average of $0.00
Gamco Natural Resources Gold & Incm Trst  Share Price Passes Below 200-Day Moving Average of $0.00
Gamco Natural Resources Gold & Incm Trst Share Price Passes Below 200-Day Moving Average of $0.00


 
© 2006-2019 Zolmax.