Research Analysts Offer Predictions for Precision Drilling Corp’s Q1 2019 Earnings (PDS)

Share on StockTwits

Precision Drilling Corp (NYSE:PDS) (TSE:PD) – Investment analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of Precision Drilling in a research note issued on Thursday, January 10th. Jefferies Financial Group analyst B. Handler forecasts that the oil and gas company will earn ($0.01) per share for the quarter. Jefferies Financial Group also issued estimates for Precision Drilling’s FY2020 earnings at $0.11 EPS and FY2021 earnings at $0.38 EPS.

Other equities analysts have also recently issued research reports about the company. Piper Jaffray Companies set a $6.00 price objective on Precision Drilling and gave the company a “buy” rating in a report on Wednesday, October 3rd. BMO Capital Markets reissued a “buy” rating on shares of Precision Drilling in a report on Tuesday, December 11th. GMP Securities reissued a “buy” rating on shares of Precision Drilling in a report on Monday, December 3rd. Raymond James reissued a “buy” rating on shares of Precision Drilling in a report on Tuesday, October 30th. Finally, TD Securities reissued a “buy” rating on shares of Precision Drilling in a report on Thursday, November 29th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. Precision Drilling currently has a consensus rating of “Buy” and an average target price of $4.40.

Shares of PDS stock opened at $2.22 on Friday. The stock has a market capitalization of $658.07 million, a PE ratio of -7.93 and a beta of 2.18. The company has a quick ratio of 1.73, a current ratio of 1.85 and a debt-to-equity ratio of 0.98. Precision Drilling has a 52-week low of $1.62 and a 52-week high of $4.14.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Thursday, October 25th. The oil and gas company reported ($0.08) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.02). The company had revenue of $292.65 million during the quarter, compared to analyst estimates of $306.54 million. Precision Drilling had a negative net margin of 9.77% and a negative return on equity of 6.59%.

Several institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its stake in shares of Precision Drilling by 6.4% in the 3rd quarter. Legal & General Group Plc now owns 327,561 shares of the oil and gas company’s stock valued at $1,131,000 after purchasing an additional 19,746 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Precision Drilling by 138.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,916 shares of the oil and gas company’s stock valued at $119,000 after purchasing an additional 20,833 shares in the last quarter. Morgan Stanley increased its stake in shares of Precision Drilling by 1.8% in the 3rd quarter. Morgan Stanley now owns 1,387,162 shares of the oil and gas company’s stock valued at $4,799,000 after purchasing an additional 25,041 shares in the last quarter. Credit Suisse AG increased its stake in shares of Precision Drilling by 9.7% in the 3rd quarter. Credit Suisse AG now owns 283,813 shares of the oil and gas company’s stock valued at $983,000 after purchasing an additional 25,179 shares in the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of Precision Drilling by 3.9% in the 3rd quarter. CIBC World Markets Inc. now owns 722,635 shares of the oil and gas company’s stock valued at $2,500,000 after purchasing an additional 26,941 shares in the last quarter. Hedge funds and other institutional investors own 48.67% of the company’s stock.

Precision Drilling Company Profile

Precision Drilling Corporation 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 Story: Technical Analysis of Stocks, How Can It Help

Earnings History and Estimates 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

Viking Fund Management LLC Increases Stake in Callon Petroleum
Viking Fund Management LLC Increases Stake in Callon Petroleum
CyberVein 1-Day Volume Reaches $59,119.00
CyberVein 1-Day Volume Reaches $59,119.00
Opus Hits Market Cap of $804,174.00
Opus Hits Market Cap of $804,174.00
Analysts Set Integrated Device Technology Inc  Target Price at $43.20
Analysts Set Integrated Device Technology Inc Target Price at $43.20
New Potomac Partners LLC Takes $326,000 Position in SPDR S&P Regional Banking ETF
New Potomac Partners LLC Takes $326,000 Position in SPDR S&P Regional Banking ETF
Viking Fund Management LLC Reduces Stake in Halliburton
Viking Fund Management LLC Reduces Stake in Halliburton


Leave a Reply

 
© 2006-2019 Zolmax.