Economy

$0.16 Earnings Per Share Expected for Precision Drilling Corp. (PDS) This Quarter

$0.16 Earnings Per Share Expected for Precision Drilling Corp. (PDS) This Quarter

In terms of earnings per share, 19 analysts have a -0.10 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 14 analysts have a -0.06 EPS mean target and for the quarter ending Mar-18 there are 22 estimates of -0.43 EPS. Following analyst revisions leading up to the earnings release may provide some good insight into the direction that the most recent estimates are trending.

Precision Drilling Corp (NYSE:PDS) (TSE:PD) last posted its quarterly earnings data on Friday, October 27th. The business had revenue of $314.50 million for the quarter, compared to analyst estimates of $320.36 million.

The company said it had 61 rigs operating in the United States in the third quarter, more than double the total a year earlier. TD Securities started coverage on Precision Drilling Corp in a research report on Monday, September 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.17) by $0.05.

Precision Drilling Corp (NYSE:PDS)'s trailing twelve month revenues are $886.8 Million, whereas its price to sales ratio for the same period is 0.78. However, -26.67% over the last one month, -23.51% for the last quarter and year to date performance stands at -57.61%. The stock was trading at a distance of -63.04% from its 52-week highs and stands 2.21% away from its 52-week lows. Zacks Investment Research raised Precision Drilling Corp from a "sell" rating to a "hold" rating in a report on Friday, July 28th. They set a "buy" rating on the stock.

Deutsche Bank "Initiates Coverage On" Precision Drilling Corp (NYSE:PDS) in a research note issued to investors on 10/10/17 to Hold with price target of $4.

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Several research analysts recently issued reports on PDS shares. The forecast of 12 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Precision Drilling has an average rating of "Hold" and an average price target of C$6.91. For the current quarter Precision Drilling Corp (NYSE:PDS) has high EPS estimates of $-0.06 in contradiction of low EPS estimates of $-0.14. (NYSE:PDS) opened at 4.81 on Tuesday. The stock's market capitalization is $964.75 million. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). Creative Planning boosted its position in shares of Precision Drilling Corp.by 326.0% in the third quarter.

Currently Precision Drilling Corp (NYSE:PDS)'s shares owned by insiders are 1%, whereas shares owned by institutional owners are 45.9%. Shell Asset Management Co. boosted its position in shares of Precision Drilling Corp.by 14.1% in the second quarter.

The stock increased 0.00% or $0 during the last trading session, hitting $4.13.

In other Precision Drilling news, Director Brian James Gibson purchased 35,000 shares of the business's stock in a transaction that occurred on Tuesday, August 1st.


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