Somewhat Favorable News Coverage Somewhat Unlikely to Impact Precision Drilling (PDS) Stock Price

Share on StockTwits

Press coverage about Precision Drilling (NYSE:PDS) (TSE:PD) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Precision Drilling earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 47.7764086625104 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

Shares of Precision Drilling traded down $0.01, hitting $3.65, during trading on Friday, according to Marketbeat.com. 1,239,323 shares of the company were exchanged, compared to its average volume of 1,504,688. The firm has a market capitalization of $1.07 billion, a P/E ratio of -13.04 and a beta of 1.86. Precision Drilling has a 1 year low of $2.26 and a 1 year high of $4.14. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.09 and a current ratio of 2.21.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its earnings results on Thursday, April 26th. The oil and gas company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $401.00 million for the quarter, compared to analysts’ expectations of $389.10 million. Precision Drilling had a negative return on equity of 5.51% and a negative net margin of 9.47%. Precision Drilling’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. sell-side analysts forecast that Precision Drilling will post -0.22 earnings per share for the current fiscal year.

A number of research firms recently weighed in on PDS. Zacks Investment Research lowered shares of Precision Drilling from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley upgraded shares of Precision Drilling from an “equal weight” rating to an “overweight” rating and set a $4.25 price objective on the stock in a research report on Thursday, July 12th. ValuEngine upgraded shares of Precision Drilling from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Piper Jaffray Companies set a $4.00 price objective on shares of Precision Drilling and gave the company a “buy” rating in a research report on Thursday, April 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $4.36.

About Precision Drilling

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Featured Article: Short Selling

Insider Buying and Selling by Quarter for Precision Drilling (NYSE:PDS)

Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply