Precision Drilling Corporation (PDS) Earning Somewhat Positive Media Coverage, Accern Reports
News stories about Precision Drilling Corporation (NYSE:PDS) (TSE:PD) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Precision Drilling Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media headlines about the oil and gas company an impact score of 45.1119401072486 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Top-notch Stock: Rentech, Inc. (NASDAQ:RTK), Precision Drilling Corporation (NYSE:PDS), Idera Pharmaceuticals, Inc … – Market Breaking Point (press release) (journalfinance.net)
- Precision Drilling Hits US$150000 Donation Target in Support of US Gulf Coast Relief Efforts – Marketwired (press release) (marketwired.com)
- Precision Drilling Corp. – Value Analysis (NYSE:PDS) : September 19, 2017 (finance.yahoo.com)
- Precision Drilling Corporation (PDS) Stock Rating Upgraded by Piper Jaffray Companies (americanbankingnews.com)
Precision Drilling Corporation (PDS) opened at 3.07 on Friday. The stock’s market capitalization is $900.24 million. Precision Drilling Corporation has a one year low of $2.38 and a one year high of $6.25. The firm has a 50-day moving average of $2.75 and a 200-day moving average of $3.58.
Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last issued its quarterly earnings results on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. The company had revenue of $275.52 million during the quarter, compared to analyst estimates of $271.33 million. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. The business’s revenue for the quarter was up 68.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.20) EPS. On average, equities research analysts forecast that Precision Drilling Corporation will post ($0.32) earnings per share for the current year.
Several equities research analysts have recently weighed in on PDS shares. Jefferies Group LLC reiterated a “buy” rating and set a $4.50 target price (down previously from $6.00) on shares of Precision Drilling Corporation in a research note on Wednesday, August 2nd. TD Securities started coverage on shares of Precision Drilling Corporation in a research note on Monday, September 11th. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of Precision Drilling Corporation from a “hold” rating to a “sell” rating in a research note on Friday, July 21st. BidaskClub downgraded shares of Precision Drilling Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Piper Jaffray Companies reiterated a “hold” rating and set a $3.25 target price on shares of Precision Drilling Corporation in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $6.30.
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About Precision Drilling Corporation
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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