Precision Drilling Corp Receives Consensus Rating of “Buy” from Brokerages (NYSE:PDS)
Shares of Precision Drilling Corp (NYSE:PDS) have received a consensus rating of “Buy” from the fifteen analysts that are presently covering the stock, Analyst Ratings.Net reports. One investment analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $17.33.
Shares of Precision Drilling Corp (NYSE:PDS) opened at 12.71 on Wednesday. Precision Drilling Corp has a 52-week low of $8.51 and a 52-week high of $14.65. The stock’s 50-day moving average is $12.73 and its 200-day moving average is $12.42. The company has a market cap of $3.720 billion and a P/E ratio of 20.99.
Precision Drilling Corp (NYSE:PDS) last issued its quarterly earnings data on Thursday, July 24th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.01. The company had revenue of $475.00 million for the quarter, compared to the consensus estimate of $428.61 million. Precision Drilling Corp’s revenue was up 25.4% compared to the same quarter last year. Analysts expect that Precision Drilling Corp will post $0.81 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Precision Drilling Corp from $15.00 to $16.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Precision Drilling Corp in a research note on Friday, July 25th. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Precision Drilling Corp in a research note on Friday, July 25th. They now have a $18.00 price target on the stock, up previously from $15.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.