Analysts’ Weekly Ratings Changes for Precision Drilling (PDS)

A number of firms have modified their ratings and price targets on shares of Precision Drilling (NYSE: PDS) recently:

  • 5/17/2022 – Precision Drilling was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating.
  • 5/4/2022 – Precision Drilling had its price target lowered by analysts at Piper Sandler from $115.00 to $110.00.
  • 4/29/2022 – Precision Drilling had its price target raised by analysts at Royal Bank of Canada from C$135.00 to C$147.00.
  • 4/29/2022 – Precision Drilling had its price target raised by analysts at Stifel Nicolaus from C$135.00 to C$142.00.
  • 4/29/2022 – Precision Drilling had its price target raised by analysts at TD Securities from C$125.00 to C$130.00.
  • 4/22/2022 – Precision Drilling had its price target raised by analysts at Canaccord Genuity Group Inc. from C$85.00 to C$105.00. They now have a “hold” rating on the stock.
  • 4/14/2022 – Precision Drilling had its price target raised by analysts at CIBC from C$82.50 to C$115.00.
  • 4/13/2022 – Precision Drilling had its price target raised by analysts at Piper Sandler from $85.00 to $115.00. They now have an “overweight” rating on the stock.
  • 3/31/2022 – Precision Drilling is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
  • 3/29/2022 – Precision Drilling had its price target raised by analysts at Raymond James from C$62.50 to C$115.00.

Shares of PDS stock opened at $71.85 on Thursday. The stock has a market cap of $976.44 million, a PE ratio of -6.46 and a beta of 2.50. The business has a 50-day simple moving average of $70.23 and a 200-day simple moving average of $52.09. The company has a quick ratio of 1.60, a current ratio of 1.71 and a debt-to-equity ratio of 0.98. Precision Drilling Co. has a 52-week low of $28.00 and a 52-week high of $85.29.

Precision Drilling (NYSE:PDSGet Rating) (TSE:PD) last issued its quarterly earnings data on Thursday, April 28th. The oil and gas company reported ($2.57) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($1.77). The company had revenue of $351.00 million during the quarter, compared to analyst estimates of $329.17 million. Precision Drilling had a negative net margin of 16.91% and a negative return on equity of 14.98%. The business’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same period last year, the firm earned ($2.13) EPS. Sell-side analysts anticipate that Precision Drilling Co. will post -3.75 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. Polar Asset Management Partners Inc. raised its holdings in Precision Drilling by 4.8% in the 3rd quarter. Polar Asset Management Partners Inc. now owns 953,252 shares of the oil and gas company’s stock worth $38,521,000 after purchasing an additional 43,602 shares during the period. Acadian Asset Management LLC raised its holdings in Precision Drilling by 3.3% in the 1st quarter. Acadian Asset Management LLC now owns 548,452 shares of the oil and gas company’s stock worth $40,679,000 after purchasing an additional 17,656 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Precision Drilling by 99.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 468,138 shares of the oil and gas company’s stock worth $34,703,000 after purchasing an additional 233,273 shares during the period. PCJ Investment Counsel Ltd. raised its holdings in Precision Drilling by 39.5% in the 4th quarter. PCJ Investment Counsel Ltd. now owns 274,930 shares of the oil and gas company’s stock worth $9,721,000 after purchasing an additional 77,800 shares during the period. Finally, TD Asset Management Inc. raised its holdings in Precision Drilling by 31.7% in the 1st quarter. TD Asset Management Inc. now owns 195,248 shares of the oil and gas company’s stock worth $14,491,000 after purchasing an additional 46,990 shares during the period. 43.04% of the stock is owned by institutional investors and hedge funds.

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services; and Completion and Production Services.

Featured Articles

Receive News & Ratings for Precision Drilling Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling Co and related companies with MarketBeat.com's FREE daily email newsletter.