Zacks Investment Research raised shares of Precision Drilling Corp from a "hold" rating to a "buy" rating and set a $6.50 price objective on the stock in a research report on Wednesday, January 25th. Envestnet Asset Management Inc. boosted its position in shares of Precision Drilling Corp by 0.3% in the fourth quarter. Jefferies Group LLC reaffirmed a "hold" rating and issued a $6.00 target price on shares of Precision Drilling Corp in a research note on Wednesday, March 22nd. The stock touched its high share price of $6.25 on 12/12/16 and the stock also touched its Lowest price in the last 52-weeks of trading on 09/27/16 as $3.51. The company now has an average rating of "Buy" and a consensus target price of C$8.88.
Since the start of the New Year, Precision Drilling Corporation (NYSE:PDS) shares have seen a move of -20.73%.
The counter witnessed a trading volume of 1.4 million shares versus an average volume of 1.86 million shares during last trading session. The company has a 1 Year high price target of $6.78. In terms of recent volatility, the average for the month is 3.77% and 3.58% for the past week. The firm's 50-day moving average is $4.58 and its 200-day moving average is $5.04.
Precision Drilling Corporation (NYSE:PDS)'s earnings is on the doorstep as the firm is set to report on 4/24/2017 8:30:00 AM. As per the consensus estimate, the company's year-on-year revenue growth is expected to be at 15.53% during the period. The company earned $346.80 million during the quarter, compared to the consensus estimate of $345.06 million. Canaccord Genuity upped their target price on shares of Precision Drilling from C$8.50 to C$8.75 in a research note on Tuesday, January 10th. The firm's revenue was up 14.9% compared to the same quarter past year. During the same quarter previous year, the company posted ($0.07) EPS. Precision Drilling Corp (USA) (NYSE:PDS)'s price to sales ratio for trailing twelve month stands at 1.76, whereas its price to book ratio for most recent quarter sits at 0.83.
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Large investors have recently made changes to their positions in the company. The share price is trading in a range of $4.12 - 4.40. Dalton Greiner Hartman Maher & Co. boosted its stake in Precision Drilling Corp by 86.7% in the first quarter. These analysts have also projected a Low Estimate of $-0.13/share and a High Estimate of $-0.03/share. 1832 Asset Management L.P. boosted its stake in Precision Drilling Corp by 130.1% in the third quarter.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Finally, Norges Bank acquired a new position in Precision Drilling Corp during the fourth quarter valued at about $22,327,000.
The company has been one of the biggest innovators in "Oil & Gas Equipment & Services" employing approximately 4960 full time employees.