Should Investors Still Care About Cray Inc. (CRAY), Precision Drilling Corporation (PDS)?

Precision Drilling

Precision Drilling

However the company reported $-0.13 earnings per share for the same quarter during previous year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Precision Drilling Corporation dipped to as low as $2.57 throughout the day and has returned -52.48% in this year.

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. 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.

Manufacturers Life Insurance Company, The augmented its position by buying 915,489 shares an increase of 16,353.9% in the quarter. Precision Drilling Corporation is given 3 buy-equivalent recommendations, 0 sells and 8 holds.

Another recent and important Precision Drilling Corp (USA) (NYSE:PDS) news was published by Benzinga.com which published an article titled: "A Petroleum Pair Trade: Precision Drilling Vs. Sanchez Energy" on September 18, 2017. 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 in the last quarter. Precision Drilling Corporation had a negative net margin of 12.38% and a negative return on equity of 7.10%. The company's 50-day moving average is $2.79 and its 200-day moving average is $3.41.

In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for Precision Drilling Corporation as 263.57 Million. Insiders have acquired 55,000 shares of company stock valued at $182,900 over the last ninety days. Verition Fund Management LLC bought a new position in Precision Drilling Corporation during the second quarter worth $158,000. The company has Beta Value of 1.81 and ATR value of 0.14. The fund owned 23,250 shares of the oil and gas company's stock at the end of the first quarter. Finally, Pacad Investment Ltd. increased its position in shares of Precision Drilling Corp by 10.3% in the fourth quarter. Manufacturers Life Insurance Company, The owns 921,087 shares worth $3,141,000. The stock is trading for about -12.04% less than its 52-week high. Precision Drilling Corp (USA) (NYSE:PDS) has declined 14.25% since October 11, 2016 and is downtrending. Raymond James Financial, Inc. reduced their price target on Precision Drilling from C$6.50 to C$5.75 and set a speculative buy rating on the stock in a research report on Tuesday, August 22nd. Royal Bank Of Canada cut their target price on shares of Precision Drilling from C$7.00 to C$6.00 and set an "outperform" rating for the company in a report on Friday, October 6th. TD Securities reiterated a buy rating and issued a C$6.00 price target on shares of Precision Drilling in a research report on Tuesday, September 12th.

Precision Drilling Co. has a 1-year low of $3.01 and a 1-year high of $8.21. The stock has "Neutral" rating by Simmons & Co on Monday, October 26. As per Wednesday, September 6, the company rating was maintained by Jefferies. Credit Suisse has "Neutral" rating and $4.50 target.

Precision Drilling Corporation is an oilfield services company. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Firm provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

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