Were Analysts Bearish Precision Drilling Corporation (NYSE:PDS) This Week?

January 19, 2018 - By Maria Brooks

 Were Analysts Bearish Precision Drilling Corporation (NYSE:PDS) This Week?

Precision Drilling Corporation (NYSE:PDS) Ratings Coverage

Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Precision Drilling Corporation had 52 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray upgraded the shares of PDS in report on Friday, January 6 to “Overweight” rating. The stock has “Outperform” rating by Cowen & Co on Tuesday, February 16. The firm earned “Buy” rating on Wednesday, October 18 by Cowen & Co. The firm has “Buy” rating given on Monday, September 18 by Piper Jaffray. The stock of Precision Drilling Corporation (NYSE:PDS) earned “Mkt Perform” rating by Raymond James on Friday, February 10. The stock has “Hold” rating by Jefferies on Tuesday, September 6. The stock of Precision Drilling Corporation (NYSE:PDS) has “Underperform” rating given on Wednesday, June 1 by Credit Suisse. The rating was maintained by Jefferies on Thursday, July 20 with “Buy”. The company was downgraded on Thursday, June 29 by PiperJaffray. Wolfe Research upgraded the shares of PDS in report on Thursday, December 8 to “Outperform” rating. Below is a list of Precision Drilling Corporation (NYSE:PDS) latest ratings and price target changes.

27/10/2017 Broker: Piper Jaffray Rating: Buy New Target: $4.25 Maintain
18/10/2017 Broker: Cowen & Co Rating: Buy New Target: $5.0 Maintain
16/10/2017 Broker: Jefferies Rating: Buy New Target: $4.5 Maintain
10/10/2017 Broker: Deutsche Bank Rating: Hold New Target: $4 Initiates Coverage On
18/09/2017 Broker: PiperJaffray Old Rating: Neutral New Rating: Overweight Upgrade
18/09/2017 Broker: Piper Jaffray Rating: Buy New Target: $4.25 Upgrade
14/09/2017 Broker: Cowen & Co Rating: Buy New Target: $5.0 Maintain
12/09/2017 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade
12/09/2017 Broker: J.P. Morgan Rating: Hold Downgrade
06/09/2017 Broker: Jefferies Rating: Buy New Target: $4.5 Maintain

The stock increased 0.28% or $0.01 during the last trading session, reaching $3.6. About 3.69 million shares traded or 32.51% up from the average. Precision Drilling Corporation (NYSE:PDS) has declined 14.25% since January 19, 2017 and is downtrending. It has underperformed by 30.95% the S&P500.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company has market cap of $1.04 billion. The firm operates in two divisions, Contract Drilling Services, and Completion and Production Services. It currently has negative earnings. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

More notable recent Precision Drilling Corporation (NYSE:PDS) news were published by: Benzinga.com which released: “A Petroleum Pair Trade: Precision Drilling Vs. Sanchez Energy” on September 18, 2017, also Business.Financialpost.com with their article: “Precision Drilling accelerates automation of drilling rigs as losses narrow on …” published on October 27, 2017, Fool.com published: “Here’s Why Precision Drilling Corp’s Stock Continued Soaring Today” on October 30, 2017. More interesting news about Precision Drilling Corporation (NYSE:PDS) were released by: Prnewswire.com and their article: “What’s Happening With These Oil & Gas Stocks? — Precision Drilling, ProPetro …” published on January 16, 2018 as well as Reuters.com‘s news article titled: “UPDATE 2-Precision Drilling posts smaller-than-expected quarterly loss” with publication date: July 31, 2017.

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