Precision Drilling Corp (NYSE:PDS) shares traded -0.34% down during most recent session to reach at the closing price of $2.94. The stock exchanged hands 2.14 Million shares versus average trading capacity of 3.09 Million shares, yielding a market cap of $862.12 Million. Wall Street analysts covering the stock are projecting that the stock will reach $4.58 within the next 52-weeks. The mean target projections are based on 12 opinions.
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.
PiperJaffray “Downgrades” Precision Drilling Corp (NYSE:PDS) in a research note issued to investors on 6/29/17 to Neutral with price target of $0.
Additionally on 6/21/17 Morgan Stanley “Downgrades” Precision Drilling Corp (NYSE:PDS) to Equal-Weight setting price target at $0 and on 4/26/17 Raymond James “Upgrades” the stock to Outperform at $0. Furthermore on 4/11/17 Jefferies “Upgrades” the stock to Buy at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 42.19 along with Average True Range (ATR 14) of 0.15, Consequently Precision Drilling Corp (NYSE:PDS)’s weekly and monthly volatility is 4.25%, 5.13% respectively. The company’s beta value is at 1.76.
In terms of Buy, Sell or Hold recommendations, Precision Drilling Corp (NYSE:PDS) has analysts’ mean recommendation of 2.1. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Precision Drilling Corp (NYSE:PDS)’s minimum EPS for the current quarter is at $-0.1 and can go high up to $-0.06. The consensus mean EPS for the current quarter is at $-0.08 derived from a total of 14 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.13 earnings per share for the same quarter during last year.
Previously Precision Drilling Corp (NYSE:PDS) reported $-0.1 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.16 by $0.06. The company posted an earnings surprise of 37.5%.
While considering growth estimates of the company, it has next quarter growth estimates of 25% whereas during current quarter it has 38.5% estimations over growth, comparing to the estimations of 26.2% during current year and 35.5% for next year. Past 5 years growth of Precision Drilling Corp (NYSE:PDS) observed at -4.49%, looking forward for the next 5 years it has a strong prediction of -23.64% over growth.
Precision Drilling Corp (NYSE:PDS)’s revenue estimates for the current quarter are $268.36 Million according to 8 number of analysts, for the current quarter the company has high revenue estimates of $274.41 Million in contradiction of low revenue estimates of $259.38 Million. 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.
Currently Precision Drilling Corp (NYSE:PDS)’s shares owned by insiders are 1%, whereas shares owned by institutional owners are 45.9%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.45%.
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%. The stock hit its 52-week high on 12/12/16, and 52-week low on 08/02/17.
Precision Drilling Corp (NYSE:PDS)’s trailing twelve month revenues are $879.7 Million, whereas its price to sales ratio for the same period is 0.98. Its book value per share for the most recent quarter is $5.13 while its price to book ratio for the same period is 0.57, 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 11.42. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.