How Many Precision Drilling Corporation (TSE:PD)'s Analysts Are Bearish?
- Author: Zachary Reyes May 27, 2017,
May 27, 2017, 13:37
Precision Drilling Corporation (PDS) reported sales (ttm) of 731.9 Million, whereas, 11 number of analysts estimated the mean sale of 274.66 million. The stock's 52-week range is $3.51 - $6.25. Net profit margin of Precision Drilling Corporation (PDS) was recorded at -15.9 percent, operating profit margin was -17.4 percent, while gross profit margin stands at 32.5 percent.
Yet another important factor while evaluating a good buy/sell decision for Precision Drilling Corporation (PDS) is its Earnings per Share or EPS. Envestnet Asset Management Inc. now owns 50,669 shares of the oil and gas company's stock worth $276,000 after buying an additional 148 shares during the period. Systematic Financial Management LP boosted its stake in shares of Precision Drilling Corp by 7.7% in the first quarter. Finally, Employees Retirement System of Texas increased its stake in Precision Drilling Corp by 19.2% in the fourth quarter. Comerica Bank now owns 34,183 shares of the oil and gas company's stock worth $186,000 after buying an additional 2,586 shares during the period. Finally, RR Advisors LLC bought a new position in shares of Precision Drilling Corp during the fourth quarter valued at $3,052,000. The company's 50-day moving average price is $4.16 and its 200 day moving average price is $4.94. The stock's market capitalization is $1.50 billion. Precision Drilling Corp has a 52-week low of $3.51 and a 52-week high of $6.25. Seekingalpha.com's news article titled: "Precision Drilling's (PDS) Kevin Neveu on Q1 2017 Results - Earnings Call ..." with publication date: April 25, 2017 was also an interesting one. For the next financial year, analysts expect that the company will post earnings of $0.05 per share, with EPS estimates ranging from ($0.09) to $0.25.
The company's expected revenue in the current quarter to be 204.78 Million, seeing a projected current quarter growth of 6.7%, and per annum growth estimates over the next 5 year period of around -23.64%. The Return on Equity (ROE) and Return on Investment (ROI) values are -8 percent and -0.1 percent respectively.
The share price of Precision Drilling Corporation (NYSE:PDS) was down -5.56% during the last trading session, with a day high of 4.00.
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Several brokerages have issued reports on PDS. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/05/26/precision-drilling-co-pd-rating-reiterated-by-raymond-james-financial-inc-updated-updated-updated.html. Scotiabank reissued an "underperform" rating and issued a C$7.50 target price on shares of Precision Drilling in a report on Friday, February 10th. The firm has "Outperform" rating given on Friday, February 10 by RBC Capital Markets. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Analysts reported that the Price Target for Precision Drilling Corporation might touch $9 high while the Average Price Target and Low price Target is $6.23 and $3.75 respectively.
Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Precision Drilling Corporation the EPS stands at -0.06 for the previous quarter, while the analysts predicted the EPS of the stock to be -0.08, suggesting the stock exceeded the analysts' expectations.
Precision Drilling Corporation is an oilfield services company. The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States.