The stock was bought at an average cost of C$2.63 per share, with a total value of C$26,300.00. Piper Jaffray upgraded Precision Drilling Corp (USA) (NYSE:PDS) on Monday, September 18 to "Buy" rating. Insiders have acquired 55,000 shares of company stock valued at $182,900 over the last ninety days. As of the end of the quarter Energy Opportunities Capital Management, LLC had disposed of 984,416 shares trimming its position 57.9%. Pacad Investment Ltd. boosted its position in Precision Drilling Corporation by 81.2% during the second quarter. Institutional investors and hedge funds own 61.43% of the company's stock. They see Precision Drilling Corporation (PDS) price hitting a mean target of $4.53 a share, meaning the stock still has potential that could lift the price another 74.9% Also, the recent close suggests the stock is underpriced by 147.1% compared to the most bullish target. Pacad Investment Ltd. now owns 32,800 shares of the oil and gas company's stock worth $112,000 after purchasing an additional 14,700 shares during the period. United Asset Strategies Inc.'s holdings in Precision Drilling Corp were worth $110,000 at the end of the most recent quarter. Parametric Portfolio Associates LLC now owns 53,083 shares of the oil and gas company's stock worth $251,000 after purchasing an additional 30,964 shares during the period. Shares last traded at $2.85 a tad above the 50 day moving average of $2.79 and quite a bit lower than the 200 day moving average of $3.45. According to these analysts, the Low Revenue Estimate for Precision Drilling Corporation is 241.8 Million and the High Revenue Estimate is 276 Million. The stock's market capitalization is $1.16 billion.
Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last posted its quarterly earnings data on Monday, July 31st. However the company reported $-0.13 earnings per share for the same quarter during a year ago. Return on Equity (ROE) stands at -7% and Return on Investment (ROI) of -0.1 percent. The company had revenue of $275.52 million for the quarter, compared to the consensus estimate of $271.33 million. While in the same Quarter Previous year, the Actual EPS was $-0.13. Precision Drilling Corp (USA) (NYSE:PDS) has declined 14.25% since October 11, 2016 and is downtrending. These analysts have also projected a Low Estimate of $-0.14/share and a High Estimate of $-0.06/share. (TSE:PD) (NYSE:PDS) in a research note issued to investors on Tuesday morning. Raymond James Financial, Inc. cut their target price on shares of Precision Drilling from C$6.50 to C$5.75 and set a "speculative buy" rating for the company in a report on Tuesday, August 22nd. Currently, the stock has a 1 Year Price Target of $4.53.
Deutsche Bank AG reissued their hold rating on shares of Precision Drilling Co. The rating was downgraded by Scotia Capital to "Sector Perform" on Friday, October 9. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Precision Drilling Corp has an average rating of "Buy" and an average target price of $7.01.
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Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The Firm provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.
These funds have shifted positions in (PDS).