Precision Drilling Stock Price, Forecast & Analysis (NYSE:PDS)

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

Precision Drilling Corp (NYSE:PDS) posted its quarterly earnings results on Thursday, October, 24th. The oil and gas company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.03. The oil and gas company earned $284.47 million during the quarter, compared to the consensus estimate of $288.55 million. Precision Drilling had a negative net margin of 11.99% and a negative return on equity of 0.99%. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) earnings per share. 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 brokers have issued 1-year target prices for Precision Drilling's stock. Their forecasts range from $2.00 to $3.00. On average, they anticipate Precision Drilling's stock price to reach $2.40 in the next twelve months. This suggests a possible upside of 130.8% 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 1 sell rating, 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Precision Drilling.

Press coverage about PDS stock has been trending very negative on Wednesday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Precision Drilling earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news coverage about the oil and gas company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely 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 increase in short interest in the month of October. As of October 15th, there was short interest totalling 6,420,000 shares, an increase of 6.6% from the September 15th total of 6,020,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 5.8 days. Approximately 2.2% 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), Seadrill (SDRL), Baytex Energy (BTE), 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), UMB Financial (UMBF), Apache (APA) and Primo Water (PRMW).

Precision Drilling's stock is owned by a number of of retail and institutional investors. Top institutional investors include Letko Brosseau & Associates Inc. (4.69%), Wedge Capital Management L L P NC (0.30%), CIBC Asset Management Inc (0.23%), Russell Investments Group Ltd. (0.22%), Foundation Resource Management Inc. (0.18%) and Assenagon Asset Management S.A. (0.14%).

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

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

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 $1.04.

Precision Drilling has a market capitalization of $300.60 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]