Precision Drilling Reaches New 12-Month High at $10.98 (PDS)
Precision Drilling (NYSE:PDS)’s share price reached a new 52-week high during trading on Thursday, Analyst RN reports. The stock traded as high as $10.98 and last traded at $10.79, with a volume of 708,958 shares traded. The stock had previously closed at $10.67.
A number of analysts have recently weighed in on PDS shares. Analysts at CIBC reiterated a “sector outperform” rating on shares of Precision Drilling in a research note to investors on Wednesday, October 9th. They now have a $13.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Precision Drilling from $12.00 to $13.00 in a research note to investors on Friday, October 4th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays initiated coverage on shares of Precision Drilling in a research note to investors on Monday, September 9th. They set an “equal weight” rating and a $13.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $11.62.
Precision Drilling has a 52-week low of $6.64 and a 52-week high of $10.98. The stock’s 50-day moving average is $10.26 and its 200-day moving average is $9.28. The company has a market cap of $3.013 billion and a P/E ratio of 174.92.
Precision Drilling (NYSE:PDS) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.05 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.06. The company had revenue of $379.00 million for the quarter, compared to the consensus estimate of $361.67 million. During the same quarter last year, the company posted $0.06 earnings per share. Precision Drilling’s revenue was down .8% compared to the same quarter last year. Analysts expect that Precision Drilling will post $0.71 EPS for the current fiscal year.
Precision Drilling Corporation (NYSE:PDS) is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States.
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