(TSE:PD) Price Target Increased to C$11.00 by Analysts at CIBC

Paterniano Del Favero
Agosto 9, 2017

A number of other brokerages have also recently issued reports on PDS.

Precision Drilling Corporation and Forward P/E ratio of 0. The firm's market capitalization is $1.09 billion. The stock has a 50 day moving average of $3.19 and a 200 day moving average of $4.25. Out of the analyst recommendations 2 rate Precision Drilling Corp (NYSE:PDS) stock a Buy, 11 rate the stock Outperform, 7 rate Hold, 1 rate Underperform and 0 recommend a Sell. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%.

Having a peek at growth estimates of the company, Precision Drilling Corp (NYSE:PDS) has current quarter growth estimates of 38.5% however it has 25% estimations over growth for the next quarter. Finally, BidaskClub raised shares of Precision Drilling Corporation from a strong sell rating to a sell rating in a research report on Tuesday, June 13th. Citigroup Inc. reissued an outperform rating on shares of Precision Drilling Corporation in a research report on Wednesday, April 26th. Ishares Msci Brazil Index Fund now has a yearly EPS of 8.90. Previously Precision Drilling Corp (NYSE:PDS) reported $-0.1 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.16 by $0.06 with surprise factor of 37.5%. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

Wall Street analysts are predicting that Precision Drilling Corp (NYSE:PDS) will report earnings per share of $-0.08 in their quarterly report. If you are viewing this story on another site, it was copied illegally and republished in violation of US and global trademark & copyright legislation. The original version of this report can be viewed at https://sportsperspectives.com/2017/08/09/precision-drilling-co-pd-pt-raised-to-c11-00-at-cibc-updated-updated.html. Princeton Alpha Management LP raised its stake in shares of Precision Drilling Corporation by 18.3% in the first quarter.

Hedge funds have recently bought and sold shares of the stock. Cipher Capital LP bought a new stake in Precision Drilling Corporation during the first quarter valued at $120,000. Further, analysts have a 12 month target price of $4.58 on company shares. Comerica Bank increased its position in shares of Precision Drilling Corporation by 8.2% in the fourth quarter. Comerica Bank now owns 34,183 shares of the oil and gas company's stock worth $186,000 after buying an additional 2,586 shares during the period. Finally, RidgeWorth Capital Management LLC acquired a new position in Precision Drilling Corporation during the first quarter valued at $219,000.

Consequently Precision Drilling Corp (NYSE:PDS)'s weekly and monthly volatility is 4.85%, 5.37% respectively.

In other Precision Drilling news, Director Brian James Gibson purchased 35,000 shares of the firm's stock in a transaction on Tuesday, August 1st. Precision Drilling Corp (NYSE:PDS)'s price to free cash flow for trailing twelve months is 0. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

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