News stories about Precision Drilling (NYSE:PDS) (TSE:PD) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Precision Drilling earned a news impact score of 0.25 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 47.3049137192675 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Precision Drilling Corporation (PDS) Stock’s Bright EPS Growth For Next Year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Precision Drilling Corporation (PDS) Stock Creates Investor’s Concerns on Profitability – Investing News Update (investingbizz.com)
- Why this stock is very risky?: Precision Drilling Corporation (PDS) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Precision Drilling Corp (PDS): Stock Valuation Review – Emn News (emnnews.com)
- Precision Drilling Corporation (NYSE:PDS) – Growth Secrets – Nasdaq Journal (nasdaqjournal.com)
A number of analysts recently commented on PDS shares. Scotiabank cut Precision Drilling from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, November 7th. Zacks Investment Research upgraded Precision Drilling from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Thursday, January 4th. Piper Jaffray Companies set a $4.00 price objective on Precision Drilling and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, ValuEngine cut Precision Drilling from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $4.50.
Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. Precision Drilling had a negative return on equity of 5.66% and a negative net margin of 10.29%. The firm had revenue of $347.19 million for the quarter, compared to analyst estimates of $333.97 million. During the same period last year, the company earned ($0.10) EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. equities analysts predict that Precision Drilling will post -0.24 earnings per share for the current year.
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Precision Drilling Company Profile
Precision Drilling Corporation (Precision) is an oilfield services company. 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 through two segments: Contract Drilling Services, and Completion and Production Services.
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