Is there a Bearish outlook for Precision Drilling Corporation (NYSE:PDS) this week?

December 18, 2017 - By Richard Conner

 Is there a Bearish outlook for 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. Scotia Capital downgraded the shares of PDS in report on Friday, October 9 to “Sector Perform” rating. Morgan Stanley downgraded the shares of PDS in report on Wednesday, June 21 to “Equal-Weight” rating. Jefferies maintained Precision Drilling Corporation (NYSE:PDS) on Wednesday, August 2 with “Buy” rating. The stock has “Buy” rating by Cowen & Co on Wednesday, October 18. The stock of Precision Drilling Corporation (NYSE:PDS) earned “Outperform” rating by Cowen & Co on Tuesday, February 16. On Tuesday, April 11 the stock rating was upgraded by Jefferies to “Buy”. The firm has “Hold” rating by J.P. Morgan given on Tuesday, September 12. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, June 1. The stock of Precision Drilling Corporation (NYSE:PDS) earned “Overweight” rating by Morgan Stanley on Tuesday, April 19. The stock of Precision Drilling Corporation (NYSE:PDS) earned “Buy” rating by Evercore on Saturday, August 22. 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 decreased 1.56% or $0.04 during the last trading session, reaching $2.53. About 2.43M shares traded. Precision Drilling Corporation (NYSE:PDS) has declined 14.25% since December 18, 2016 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 $751.45 million. 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, Gurufocus.com published: “Letko, Brosseau & Associates Inc Buys Cenovus Energy Inc, Precision Drilling …” on November 13, 2017. More interesting news about Precision Drilling Corporation (NYSE:PDS) were released by: Reuters.com and their article: “UPDATE 2-Precision Drilling posts smaller-than-expected quarterly loss” published on July 31, 2017 as well as Fool.com‘s news article titled: “Here’s Why Precision Drilling Corp’s Stock Continued Soaring Today” with publication date: October 30, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.