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.
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