Precision Drilling Corporation (PDS) Now Covered by Deutsche Bank AG

Precision Drilling Corporation (PDS) Now Covered by Deutsche Bank AG

Yesterday Precision Drilling (NYSE:PDS) traded -3.61% lower at $2.77. They expect $-0.09 EPS, up 30.77 % or $0.04 from last year's $-0.13 per share.

Institutional investors and hedge funds have recently modified their holdings of the stock.

Investors are more bullish on Precision Drilling Corporation if you consider the change in short interest. Analysts reported that the Price Target for Precision Drilling Corporation might touch $6.5 high while the Average Price Target and Low price Target is $4.41 and $2.39 respectively. Quantbot Technologies LP acquired a new position in Precision Drilling Corporation during the first quarter worth $102,000.

Precision Drilling Corporation (PDS) will report its next earnings on Oct 27 BMO. Return on Equity (ROE) stands at -7% and Return on Investment (ROI) of -0.1 percent. The firm has a 50-day moving average of $3.46 and a 200-day moving average of $4.44.

In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for Precision Drilling Corporation as 263.57 Million. The consensus mean EPS for the current quarter is at $-0.09 derived from a total of 17 estimates from the analysts who have weighed in on projected earnings. Tower Research Capital LLC TRC now owns 29,724 shares of the oil and gas company's stock worth $132,000 after purchasing an additional 19,819 shares during the period. As of the end of the quarter Energy Opportunities Capital Management, LLC had disposed of 984,416 shares trimming its position 57.9%. Finally, Pacad Investment Ltd. increased its position in shares of Precision Drilling Corp by 10.3% in the fourth quarter. Trading volume was down 99.75% under the stocks average daily volume. Its book value per share for the most recent quarter is $5.18 while its price to book ratio for the same period is 0.5, as for as the company's cash per share for the most recent quarter is $0.26, however its price to cash per share ratio for the same period is 9.97. The fund owned 23,250 shares of the oil and gas company's stock at the end of the first quarter. Manufacturers Life Insurance Company, The owns 921,087 shares worth $3,141,000. Precision Drilling Corp (USA) (NYSE:PDS) has declined 14.25% since October 11, 2016 and is downtrending.

A number of research analysts have recently issued reports on PDS shares. Royal Bank Of Canada cut their target price on shares of Precision Drilling from C$7.00 to C$6.00 and set an "outperform" rating for the company in a report on Friday, October 6th. Zacks Investment Research downgraded Precision Drilling Corp from a "buy" rating to a "hold" rating in a report on Tuesday, March 7th. These analysts have also projected a Low Estimate of $-0.14/share and a High Estimate of $-0.06/share. The stock has "Neutral" rating by Simmons & Co on Monday, October 26. Finally, Scotiabank upgraded Precision Drilling Corp from an "underperform" rating to a "sector perform" rating in a report on Wednesday, February 22nd. The company now has an average rating of "Hold" and an average price target of $5.58. Credit Suisse has "Neutral" rating and $4.50 target.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products.

These funds have shifted positions in (PDS). The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

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