Brokerages Set Precision Drilling Co. (TSE:PD) Target Price at $8.50

Share

It opened the session with a $1.96 price tag, later ranging from $1.94 to $2.03, the range at which the stock has traded at throughout the day. The value of the company's investment in Precision Drilling Corporation went from $6,405,000 to $5,254,000 a change of $1,151,000 quarter over quarter. For the current year the company's revenue estimates are $1.05 Billion compared to low analyst estimates of $1.01 Billion and high estimates of $1.1 Billion according to 15 number of analysts.

According to the latest data, investors are looking at Precision Drilling Corporation (NYSE:PDS)'s short data and trying to figure out market sentiment on which way the market thinks the stock is moving. Parametric Portfolio Associates LLC increased its position in shares of Precision Drilling Corporation by 140.0% in the first quarter. The stock exchanged hands 2.14 Million shares versus average trading capacity of 3.09 Million shares. During the same period in the previous year, the firm posted ($0.20) EPS. TD Asset Management Inc. now owns 5,500,185 shares of the oil and gas company's stock valued at $25,942,000 after buying an additional 736,820 shares during the last quarter. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. On average, equities analysts forecast that Precision Drilling Corporation will post ($0.31) EPS for the current fiscal year. Finally, Raymond James Financial, Inc. reaffirmed a market perform rating and issued a C$7.40 target price on shares of Precision Drilling in a report on Tuesday, April 25th. The stock price also has got the drift of -34.04% from the 200-day moving average. Princeton Alpha Management LP boosted its stake in shares of Precision Drilling Corp by 18.3% in the first quarter.

As of the last earnings report the EPS was $-0.38 and is estimated to be $-0.31 for the current year with 293,238,000 shares now outstanding. Bank of New York Mellon Corp now owns 84,060 shares of the oil and gas company's stock valued at $396,000 after buying an additional 1,938 shares during the period.

More news: Federer downs Bautista Agut to reach Rogers Cup semfinals; Haase advances
More news: Diamondbacks unable to rally, fall 3-2
More news: Russian Federation touts "plan" with China to ease US-N. Korea standoff

Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $2.85, its price distance from 52-week high is -52.96% while its distance from 52-week low price is 3.16%. Bank of New York Mellon Corp increased its position in shares of Precision Drilling Corporation by 2.4% in the first quarter.

Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.35 and with a conservative view have low price target of $2.38. The business had revenue of $275.52 million for the quarter, compared to analyst estimates of $271.33 million. Jefferies maintained Precision Drilling Corp (USA) (NYSE:PDS) rating on Monday, July 11. The stock now has an average rating of "Buy" and an average price target of $6.21.

ILLEGAL ACTIVITY NOTICE: "Legal & General Group Plc Acquires 3,566 Shares of Precision Drilling Corporation (PDS)" was published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of USA & worldwide copyright legislation. Envestnet Asset Management Inc. boosted its stake in shares of Precision Drilling Corporation by 0.3% in the fourth quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Precision Drilling Corp during the first quarter worth about $102,000. BMO Capital Markets reaffirmed an "outperform" rating and set a C$9.00 price objective on shares of Precision Drilling in a research note on Tuesday, April 25th. The number of shares now owned by investors are 992.68 mln. The Firm provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

Share