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) earnings per share for the quarter, beating 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 return on equity of 0.99% and a negative net margin of 11.99%. The company's revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned ($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 analysts have issued 1-year price targets for Precision Drilling's shares. 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 twelve months. This suggests a possible upside of 70.8% 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 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Precision Drilling.

News articles about PDS stock have been trending somewhat positive on Friday, according to InfoTrie. The research firm ranks the sentiment of press 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 -5 to 5, with scores nearest to five being the most favorable. Precision Drilling earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the oil and gas company a news buzz of 2.0 out of 10, meaning that recent press coverage is very unlikely to have an impact on the company's share price in the immediate future. View News Stories for Precision Drilling.

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

Some companies that are related to Precision Drilling include Diamond Offshore Drilling (DO), Nabors Industries (NBR), 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 many different of retail and institutional 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 acquired 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 $1.21.

Precision Drilling has a market capitalization of $349.74 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]