Several brokerages have updated their recommendations and price targets on shares of Precision Drilling Corporation (NYSE: PDS) in the last few weeks:

  • 8/3/2017 – Precision Drilling Corporation had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $3.25 price target on the stock.
  • 8/2/2017 – Precision Drilling Corporation had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $4.50 price target on the stock, down previously from $6.00.
  • 7/28/2017 – Precision Drilling Corporation was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. 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 is headquartered in Calgary, Canada. “
  • 7/21/2017 – Precision Drilling Corporation was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. 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 is headquartered in Calgary, Canada. “
  • 7/19/2017 – Precision Drilling Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/11/2017 – Precision Drilling Corporation had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $5.00 price target on the stock.
  • 7/6/2017 – Precision Drilling Corporation was upgraded by analysts at UBS AG from an “outperform” rating to a “strong-buy” rating.
  • 7/6/2017 – Precision Drilling Corporation was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating.
  • 6/29/2017 – Precision Drilling Corporation was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $3.25 price target on the stock, down previously from $5.00.
  • 6/21/2017 – Precision Drilling Corporation was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating. They now have a $4.50 price target on the stock, down previously from $9.00.
  • 6/13/2017 – Precision Drilling Corporation was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

Shares of Precision Drilling Corporation (NYSE PDS) opened at 3.04 on Monday. The stock’s market capitalization is $891.44 million. Precision Drilling Corporation has a one year low of $2.85 and a one year high of $6.25. The firm has a 50-day moving average price of $3.19 and a 200 day moving average price of $4.25.

Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last released its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.07. The company had revenue of $275.52 million during the quarter, compared to the consensus estimate of $271.33 million. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%. Precision Drilling Corporation’s revenue was up 68.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) earnings per share. On average, equities analysts expect that Precision Drilling Corporation will post ($0.32) EPS for the current fiscal year.

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

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