NYSE:PDS - Precision Drilling Stock Price, Forecast & News

Precision Drilling trades on the New York Stock Exchange (NYSE) under the ticker symbol "PDS."

Precision Drilling Corp (NYSE:PDS) announced its earnings results on Thursday, October, 24th. The oil and gas company reported ($0.01) EPS for the quarter, topping the Zacks' consensus estimate of ($0.04) by $0.03. The oil and gas company had revenue of $284.47 million for the quarter, compared to analysts' expectations of $288.55 million. Precision Drilling had a negative return on equity of 0.99% and a negative net margin of 11.99%. Precision Drilling's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.10) EPS. View Precision Drilling's Earnings History.

Precision Drilling is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for Precision Drilling.

13 equities research analysts have issued twelve-month target prices for Precision Drilling's stock. Their forecasts range from $1.30 to $3.00. On average, they expect Precision Drilling's share price to reach $2.07 in the next year. This suggests a possible upside of 61.5% from the stock's current price. View Analyst Price Targets for Precision Drilling.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Precision Drilling in the last year. There are currently 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Precision Drilling.

News coverage about PDS stock has trended very negative recently, InfoTrie Sentiment reports. InfoTrie scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Precision Drilling earned a media sentiment score of -3.1 on InfoTrie's scale. They also assigned headlines about the oil and gas company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Precision Drilling.

Precision Drilling saw a decline in short interest during the month of November. As of November 15th, there was short interest totalling 5,870,000 shares, a decline of 8.6% from the October 31st total of 6,420,000 shares. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 5.3 days. Approximately 2.0% of the shares of the stock are sold short. View Precision Drilling's Current Options Chain.

Some companies that are related to Precision Drilling include Nabors Industries (NBR), Diamond Offshore Drilling (DO), Baytex Energy (BTE), Seadrill (SDRL), Oasis Midstream Partners (OMP), PARKER DRILLING/SH PAR $ (PKD), Noble (NE), Pacific Drilling (PACD), Independence Contract Drilling (ICD), Petroteq Energy (PQEFF), Western Energy Services (WEEEF), Pioneer Energy Services (PES), Seadrill Partners (SDLP), Pacific Drilling (PACDQ) and Infinity Energy Resources (IFNY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Precision Drilling investors own include Precision Drilling (PD), Reata Pharmaceuticals (RETA), Endologix (ELGX), Approach Resources (AREX), Chipotle Mexican Grill (CMG), American Airlines Group (AAL), Hudson Technologies (HDSN), Apache (APA), Primo Water (PRMW) and UMB Financial (UMBF).

Precision Drilling's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Letko Brosseau & Associates Inc. (4.69%), Millennium Management LLC (0.43%), Wedge Capital Management L L P NC (0.30%), CIBC Asset Management Inc (0.23%), Russell Investments Group Ltd. (0.22%) and Foundation Resource Management Inc. (0.18%).

PDS stock was sold by a variety of institutional investors in the last quarter, including CIBC Asset Management Inc, Russell Investments Group Ltd., Millennium Management LLC, Systematic Financial Management LP, Letko Brosseau & Associates Inc. and Foundation Resource Management Inc..

PDS stock was bought by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Wedge Capital Management L L P NC, Signition LP and Man Group plc.

Shares of PDS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PDS stock can currently be purchased for approximately $1.28.

Precision Drilling has a market capitalization of $369.97 million and generates $1.19 billion in revenue each year. The oil and gas company earns $-227,030,000.00 in net income (profit) each year or ($0.26) on an earnings per share basis. Precision Drilling employs 5,471 workers across the globe.View Additional Information About Precision Drilling.

The official website for Precision Drilling is http://www.precisiondrilling.com/.

Precision Drilling's mailing address is 525 - 8 Avenue S.W. Suite 800, Calgary A0, T2P 1G1. The oil and gas company can be reached via phone at 403-716-4500 or via email at [email protected]