Precision Drilling Corporation (PDS) remained successful in beating the consensus-estimated -$0.12 as it actually earned -$0.09 per share in its last reported financial results. Precision Drilling Corporation had a negative return on equity of 7.10% and a negative net margin of 12.38%.
According to 10 analysts, the Average Revenue Estimate for the current Fiscal quarter is $387.77 Million and the Low Revenue estimate is $359.1 Million, while the High Revenue estimate is $478 Million. The business's revenue for the quarter was up 14.7% on a year-over-year basis.
Precision Drilling Corp (NYSE:PDS)'s price sits 4.36% above from its SMA 50 of $3.48 and 8.93% far from the SMA 200 which is at $2.94. The stock has a market capitalization of $1.03 Billion however its outstanding shares are 304.36 Million. The company has a quick ratio of 2.10, a current ratio of 2.22 and a debt-to-equity ratio of 0.96.
PDS has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Precision Drilling from a "buy" rating to a "hold" rating in a research note on Friday, January 5th. Piper Jaffray Companies set a $4.00 price objective on Precision Drilling and gave the stock a "buy" rating in a research report on Sunday, October 29th. ValuEngine lowered Precision Drilling Corporation from a "sell" rating to a "strong sell" rating in a research report on Friday, September 1st. Bank of New York Mellon Corp lifted its position in Precision Drilling by 177.7% during the second quarter. However the company's price to cash per share for most recent quarter stands at 0.34. Finally, AGF Investments Inc. lifted its position in shares of Precision Drilling Corporation by 13.4% during the 2nd quarter. The volume of the company in the last trading session was 5.6 Million. Vanguard Group Inc. lifted its position in Precision Drilling by 7.3% during the second quarter.
The price-earnings ratio (P/E ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings.
Precision Drilling Corporation (NYSE:PDS) opened at 2.31 on Thursday. The Manufacturers Life Insurance Company now owns 926,685 shares of the oil and gas company's stock worth $3,160,000 after acquiring an additional 52,501 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in Precision Drilling in the 3rd quarter worth about $987,000. FMR LLC now owns 16,603,054 shares of the oil and gas company's stock valued at $56,719,000 after buying an additional 3,007,124 shares in the last quarter.
Insider data can help an investor form an outlook on a stock, but it's important to supplement this data with other information such as technical indicators to form a more complete view. The Firm has ATR of 0.23 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of latest range. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and global copyright and trademark law. While for the Next 5 years, the company could expect a growth of -24.61% per annum, whereas in the past Five years Precision Drilling Corporation (NYSE:PDS) showed a growth of -11.12 Percent per annum.