Notable Mover: What’s Precision Drilling Corp (USA) Downside After Today’s Huge Decline?

Notable Mover: What's Precision Drilling Corp (USA) Downside After Today's Huge Decline?

The stock of Precision Drilling Corp (USA) (NYSE:PDS) is a huge mover today! About 4.23M shares traded hands or 45.36% up from the average. Precision Drilling Corp (USA) (NYSE:PDS) has risen 9.45% since March 9, 2016 and is uptrending. It has outperformed by 2.03% the S&P500.
The move comes after 9 months negative chart setup for the $1.30 billion company. It was reported on Oct, 12 by Barchart.com. We have $4.34 PT which if reached, will make NYSE:PDS worth $65.00M less.

Analysts await Precision Drilling Corp (USA) (NYSE:PDS) to report earnings on October, 27. They expect $-0.16 earnings per share, down 166.67% or $0.10 from last year’s $-0.06 per share. After $-0.15 actual earnings per share reported by Precision Drilling Corp (USA) for the previous quarter, Wall Street now forecasts 6.67% negative EPS growth.

Precision Drilling Corp (USA) (NYSE:PDS) Ratings Coverage

Out of 11 analysts covering Precision Drilling Corporation (NYSE:PDS), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. Precision Drilling Corporation has been the topic of 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Credit Suisse given on Wednesday, June 1. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Outperform” rating given on Friday, October 23 by RBC Capital Markets. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Neutral” rating given on Monday, October 26 by Simmons & Co. Raymond James downgraded Precision Drilling Corp (USA) (NYSE:PDS) on Tuesday, February 2 to “Market Perform” rating. The firm has “Neutral” rating given on Friday, September 4 by Credit Suisse. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Hold” rating given on Tuesday, September 6 by Jefferies. TD Securities downgraded the stock to “Buy” rating in Monday, March 21 report. The company was maintained on Monday, July 11 by Jefferies. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Underperform” rating given on Wednesday, April 20 by Raymond James. Raymond James upgraded the stock to “Market Perform” rating in Tuesday, May 31 report.

According to Zacks Investment Research, “Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. It also offers service rigs for well completion and workover services, snubbing services and wastewater treatment services, tubulars, well control equipment, wellsite accommodations. Precision Drilling Corporation is headquartered in Calgary, Canada.”

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