Precision Drilling Co. (PD) to Post FY2020 Earnings of $0.95 Per Share, Jefferies Group Forecasts
Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Equities research analysts at Jefferies Group dropped their FY2020 earnings per share estimates for Precision Drilling in a research note issued on Wednesday. Jefferies Group analyst B. Handler now forecasts that the company will post earnings per share of $0.95 for the year, down from their previous forecast of $1.00.
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Several other analysts have also issued reports on PD. CIBC upped their target price on shares of Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. Citigroup Inc. upped their target price on shares of Precision Drilling from C$4.00 to C$4.25 in a research note on Wednesday, November 1st. Canaccord Genuity reduced their target price on shares of Precision Drilling from C$4.25 to C$3.75 in a research note on Monday, October 30th. TD Securities reiterated a “buy” rating and issued a C$6.00 target price on shares of Precision Drilling in a research note on Tuesday, September 12th. Finally, Deutsche Bank AG reiterated a “hold” rating and issued a C$4.00 target price on shares of Precision Drilling in a research note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of C$6.25.
Precision Drilling (PD) traded up C$0.03 during trading on Thursday, hitting C$4.00. 2,255,668 shares of the company were exchanged, compared to its average volume of 1,919,712. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$8.21.
In other news, Director Kevin A. Neveu acquired 10,000 shares of the stock in a transaction on Monday, August 28th. The stock was acquired at an average price of C$3.13 per share, with a total value of C$31,300.00.
About Precision Drilling
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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