Business

Analysts Take on Precision Drilling Corp (NYSE:PDS)

Precision Drilling Corp (NYSE:PDS) shares traded 6.25% up during most recent session to reach at the closing price of $3.91. The stock exchanged hands 4.2 Million shares versus average trading capacity of 2.61 Million shares, yielding a market cap of $1.15 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.29 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 $9.01 and with a conservative view have low price target of $3.65.

Raymond James “Upgrades” Precision Drilling Corp (NYSE:PDS) in a research note issued to investors on 4/26/17 to Outperform with price target of $0.

Additionally on 4/11/17 Jefferies “Upgrades” Precision Drilling Corp (NYSE:PDS) to Buy setting price target at $0 and on 2/22/17 Scotiabank “Upgrades” the stock to Sector Perform at $0. Furthermore on 1/19/17 Deutsche Bank “Upgrades” the stock to Buy at $0.

On the other hand the company has Relative Strength Index (RSI 14) of 43.87 along with Average True Range (ATR 14) of 0.19, Consequently Precision Drilling Corp (NYSE:PDS)’s weekly and monthly volatility is 4.33%, 4.37% respectively. The company’s beta value is at 1.68.

In terms of Buy, Sell or Hold recommendations, Precision Drilling Corp (NYSE:PDS) has analysts’ mean recommendation of 1.8. 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 $-0.18 and can go high up to $-0.12. The consensus mean EPS for the current quarter is at $-0.14 derived from a total of 15 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.15 earnings per share for the same quarter during last year.

Previously Precision Drilling Corp (NYSE:PDS) reported $-0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.08 by $0.02. The company posted an earnings surprise of 25%.

While considering growth estimates of the company, it has next quarter growth estimates of 41.7% whereas during current quarter it has 6.7% estimations over growth, comparing to the estimations of 23.1% during current year and 103.3% 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 $200.96 Million according to 10 number of analysts, for the current quarter the company has high revenue estimates of $214.11 Million in contradiction of low revenue estimates of $188.73 Million. For the current year the company’s revenue estimates are $1.01 Billion compared to low analyst estimates of $966.75 Million and high estimates of $1.05 Billion according to 16 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 -2.38%.

Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $3.51, its price distance from 52-week high is -37.44% while its distance from 52-week low price is 11.4%. The stock hit its 52-week high on 12/12/16, and 52-week low on 09/27/16.

Precision Drilling Corp (NYSE:PDS)’s trailing twelve month revenues are $726.9 Million, whereas its price to sales ratio for the same period is 1.63. Its book value per share for the most recent quarter is $4.82 while its price to book ratio for the same period is 0.81, as for as the company’s cash per share for the most recent quarter is $0.29, however its price to cash per share ratio for the same period is 13.44. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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