Precision Drilling Corporation (PDS) Now Covered by Deutsche Bank AG

On the other hand the company has Relative Strength Index (RSI 14) of 34.67 along with Average True Range (ATR 14) of 0.13, Consequently Precision Drilling Corp (NYSE:PDS)'s weekly and monthly volatility is 4.35%, 4.27% respectively.

As of the last earnings report the EPS was $-0.39 and is projected to be $-0.32 for the current year with 293,238,000 shares presently outstanding.

Many analysts have provided their estimated foresights on Precision Drilling Corporation Earnings, with 16 analysts believing the company would generate an Average Estimate of $-0.09.

Investors are more bullish on Precision Drilling Corporation if you consider the change in short interest.

In a research note sent to clients and investors today, Deutsche Bank analysts has started Precision Drilling Corporation Common Stock (NYSE:PDS) coverage with Hold rating, and a $4 TP.

Precision Drilling Corp (NYSE:PDS) last released its quarterly earnings data on Monday, April 24th.

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Precision Drilling Corp (NYSE:PDS) 52-week high price stands at $6.25 and low price stands at $2.38, its price distance from 52-week high is -58.56% while its distance from 52-week low price is 8.82%. Shares last traded at $2.85 a tad above the 50 day moving average of $2.79 and quite a bit lower than the 200 day moving average of $3.45. The company had revenue of $346.80 million during the quarter, compared to the consensus estimate of $345.06 million. The difference between the expected and actual EPS was $0.06/share, which represents an Earnings surprise of 37.5%. Pacad Investment Ltd. now owns 44,900 shares of the oil and gas company's stock worth $245,000 after buying an additional 4,200 shares in the last quarter. As of the end of the quarter Energy Opportunities Capital Management, LLC had disposed of 984,416 shares trimming its position 57.9%. The fund owned 23,250 shares of the oil and gas company's stock at the end of the first quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Precision Drilling Corporation by 140.0% during the first quarter. Trading volume was down 99.75% under the stocks average daily volume. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.45%. Precision Drilling Corp (USA) (NYSE:PDS) has declined 14.25% since October 11, 2016 and is downtrending. Zacks Investment Research downgraded Precision Drilling Corp from a "buy" rating to a "hold" rating in a report on Tuesday, March 7th.

In the past 5 years, the stock showed growth of -11.12% per annum. Raymond James Financial, Inc. upgraded Precision Drilling Corp from an "underperform" rating to a "market perform" rating and set a $6.30 price target on the stock in a report on Friday, February 10th.

Deutsche Bank AG reissued their hold rating on shares of Precision Drilling Co. For the current year the company's revenue estimates are $1.05 Billion compared to low analyst estimates of $994.13 Million and high estimates of $1.11 Billion according to 18 number of analysts. The company now has an average rating of "Hold" and an average price target of $5.58.

Precision Drilling Corporation (Precision) is an oilfield services company.

Want to see what other hedge funds are holding PDS? The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The company operates in two segments, Contract Drilling Services, and Completion and Production Services.

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