The stock underperformed the S&P 500 by 49.19%. Tracking current stock price levels in relation to some other popular moving averages, we have noted that the stock is trading 0.04% away from the 50-day MA and 10.75% off of the 20-day MA. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$6.28.
A number of research firms have recently commented on PDS. Finally, ValuEngine cut Precision Drilling from a sell rating to a strong sell rating in a research note on Sunday, December 31st.
Wall Street Analysts suggested rating of 1.9.
Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, February 15th. With approx. 296.85 million shares in outstanding, the company has a market cap of $923.20 as per the current valuation. On during the last trading session the stock decreased $0.02 or 0.64%, reaching $3.09.Currently Precision Drilling Corporation is downtrending after 37.64% change in last April 14, 2017. The company reported C ($0.08) EPS for the quarter, topping analysts' consensus estimates of C ($0.10) by C$0.02. Mountain Lake Investment Management LLC increased its holdings in Precision Drilling by 747.5% in the 4th quarter. Cushing Asset Management LP bought a new position in Precision Drilling during the fourth quarter valued at about $227,000. Precision Drilling had a negative return on equity of 5.66% and a negative net margin of 10.29%. Mackenzie Financial Corp grew its stake in Precision Drilling by 12.6% in the fourth quarter.
Precision Drilling Corporation (PDS) stock has been separated 4.57% away from the 200-day MA. Finally, Two Sigma Investments LP boosted its stake in Precision Drilling by 154.1% during the fourth quarter. Highbridge Capital Management LLC now owns 1,500,000 shares of the oil and gas company's stock valued at $4,654,000 after purchasing an additional 463,200 shares in the last quarter. The company had revenue of C$347.19 million during the quarter, compared to analysts' expectations of C$340.06 million. Hedge funds and other institutional investors own 45.77% of the company's stock. Citigroup Inc. assumed coverage on Precision Drilling in a research report on Wednesday, December 14th.
TRADEMARK VIOLATION NOTICE: "Analysts Set Expectations for Precision Drilling Co.'s FY2019 Earnings (PD)" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another website, it was stolen and republished in violation of US and worldwide trademark and copyright legislation. The firm operates in two divisions, Contract Drilling Services, and Completion and Production Services.Currently it has negative earnings.
Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain worldwide locations.