This works out to a net decrease in ownership of 5.52 million shares, and suggests that institutions are feeling bearish about the stock. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable.
Taking a broader look brokerage firms' analysts on the street with an expectant view have Precision Drilling Corp (NYSE:PDS) high price target of $6.36 and with a conservative view have low price target of $2.39. Bank of New York Mellon Corp now owns 84,060 shares of the oil and gas company's stock valued at $396,000 after acquiring an additional 1,938 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Precision Drilling Corporation by 140.0% in the 1st quarter.
Short interest, or the number of a stock's tradable shares now being shorted, is another metric investors use to get a pulse on sentiment. JPMorgan Chase & Co. grew its position in Precision Drilling Corporation by 395.3% in the 1st quarter. Insiders have acquired 55,000 shares of company stock valued at $182,900 over the last ninety days. Finally, AXA grew its position in Precision Drilling Corporation by 118.2% in the 1st quarter. They issued a "buy" rating on the stock.
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Another recent and important Precision Drilling Corp (USA) (NYSE:PDS) news was published by Benzinga.com which published an article titled: "A Petroleum Pair Trade: Precision Drilling Vs. Sanchez Energy" on September 18, 2017. The stock exchanged hands 2 Million shares versus average trading capacity of 3.1 Million shares, yielding a market cap of $759.49 Million. The company rocked its 52-Week High of $6.25 and touched its 52-Week Low of $2.38.
Precision Drilling Corporation (NYSE:PDS) (TSE:PD) last announced its quarterly earnings data on Monday, July 31st. The oil and gas company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of ($0.16) by $0.07. The consensus mean EPS for the current quarter is at $-0.09 derived from a total of 17 estimates from the analysts who have weighed in on projected earnings. The business's revenue for the quarter was up 68.0% on a year-over-year basis. Dimensional Fund Advisors LP boosted its stake in Precision Drilling Corporation by 0.4% in the first quarter.
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Precision Drilling Corporation on 6/29/2017 reported its EPS as $-0.13 with the analysts projecting the EPS of the stock as $-0.17. ValuEngine raised shares of Precision Drilling Corporation from a "strong sell" rating to a "sell" rating in a research note on Monday, October 2nd. If you are viewing this story on another site, it was illegally copied and reposted in violation of global copyright laws.
A number of equities analysts have issued reports on PDS shares. On Friday, July 24 the stock rating was upgraded by Scotia Capital to "Outperform". Piper Jaffray Companies downgraded Precision Drilling Corporation from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $5.00 to $3.25 in a report on Thursday, June 29th.
Among 19 analysts covering Precision Drilling Corporation (NYSE:PDS), 10 have Buy rating, 0 Sell and 9 Hold. Credit Suisse maintained Precision Drilling Corp (USA) (NYSE:PDS) rating on Friday, September 4. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock.
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Precision Drilling Corporation (Precision) is an oilfield services company.