Unusual Volume Spikes For: Precision Drilling Corporation (NYSE:PDS)

Several investment firms issued their expert ratings on Precision Drilling Corporation (NYSE:PDS) in which Deutsche Bank Upgrades Precision Drilling Corporation (NYSE:PDS) to Buy with no specific Price Target on 1/19/17. The stock now shows its YTD (Year to Date) performance of -14.68 percent while its Weekly performance value is -11.26%.

13 analysts projected Price Targets for Precision Drilling Corporation. It opened the session with a $5.03 price tag, later ranging from $4.845 to $5.03, the range at which the stock has traded at throughout the day.

Precision is a leading provider of safe and High Performance, High Value services to the oil and gas industry. It also offers service rigs for well completion and workover services, snubbing services and wastewater treatment services, tubulars, well control equipment, wellsite accommodations. Precision Drilling Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0.

PD has been the topic of a number of other research reports. Canaccord Genuity raised their price target on Precision Drilling from C$8.50 to C$8.75 in a research note on Tuesday, January 10th.

Precision Drilling Corporation (NYSE:PDS) reported the earnings of $-0.07/Share in the last quarter where the estimated EPS by analysts was $-0.12/share. Credit Suisse Upgrades the company's stock to Neutral on 1/04/17 by setting a price target of $6. Evercore ISI lifted their price objective on Precision Drilling from C$8.00 to C$9.00 in a research report on Tuesday, December 20th. Citigroup Inc's price target suggests a potential upside of 11.29% from the company's previous close. The firm's market capitalization is $1.76 billion. The share price has moved backward from its 20 days moving average -11.72% and negatively from its 50 days moving average -15.56%.

Precision Drilling Corporation's (PDS) witnessed a gain of 0.60% in recent trading period with closing price of $ 5.06. The difference between the expected and actual EPS was $0.05/share, which represents an Earnings surprise of 41.7%. The firm earned $284 million during the quarter, compared to analysts' expectations of $196.97 million. Precision Drilling Corp had a negative net margin of 16.58% and a negative return on equity of 8.01%. The company had Year Ago Sales of 225.18 Million. During the same quarter a year ago, the firm posted ($0.93) EPS.

For the current quarter, the highest estimate analysts provided is 287.77 Million and the lowest is 235.76 Million.

This report was first posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was copied illegally and reposted in violation of US and global copyright & trademark legislation.

Analyst recommendation for this stock stands at 2.10.

Several hedge funds have recently bought and sold shares of the company. The stock was acquired at an average cost of C$5.06 per share, for a total transaction of C$45,034.00. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/03/09/precision-drilling-corp-pds-upgraded-to-buy-at-zacks-investment-research.html. The company had a trading volume of 910,382 shares. Precision Drilling Corporation is headquartered in Calgary, Canada. CIBC World Markets Inc. now owns 470,019 shares of the company's stock worth $1,965,000 after buying an additional 76,612 shares during the last quarter.

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