Price Don’t Lie: What’s in Precision Drilling Corp (USA) After Today’s Huge Increase?

Price Don't Lie: What's in Precision Drilling Corp (USA) After Today's Huge Increase?

The stock of Precision Drilling Corp (USA) (NYSE:PDS) is a huge mover today! About 5.17M shares traded hands or 82.04% up from the average. Precision Drilling Corp (USA) (NYSE:PDS) has declined 10.12% since April 27, 2016 and is downtrending. It has underperformed by 15.35% the S&P500.
The move comes after 7 months positive chart setup for the $1.47 billion company. It was reported on Nov, 30 by Barchart.com. We have $5.50 PT which if reached, will make NYSE:PDS worth $117.60 million more.

Analysts await Precision Drilling Corp (USA) (NYSE:PDS) to report earnings on February, 9. They expect $-0.14 EPS, down 250.00% or $0.10 from last year’s $-0.04 per share. After $-0.13 actual EPS reported by Precision Drilling Corp (USA) for the previous quarter, Wall Street now forecasts 7.69% negative EPS growth.

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

Out of 12 analysts covering Precision Drilling Corporation (NYSE:PDS), 6 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 50% are positive. Precision Drilling Corporation has been the topic of 21 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Tudor Pickering on Tuesday, November 29. The firm has “Sector Perform” rating given on Friday, October 9 by Scotia Capital. On Saturday, August 22 the stock rating was maintained by Evercore with “Buy”. Simmons & Co downgraded the stock to “Neutral” rating in Monday, October 26 report. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Underperform” rating given on Wednesday, April 20 by Raymond James. On Tuesday, May 31 the stock rating was upgraded by Raymond James to “Market Perform”. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned “Neutral” rating by Credit Suisse on Friday, September 4. The firm earned “Overweight” rating on Tuesday, April 19 by Morgan Stanley. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. The company was upgraded on Tuesday, September 6 by Jefferies.

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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