FY2017 Earnings Estimate for Precision Drilling Co. Issued By Jefferies Group (PD)

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Analysts at Jefferies Group boosted their FY2017 earnings per share estimates for shares of Precision Drilling in a research report issued to clients and investors on Wednesday. Jefferies Group analyst B. Handler now expects that the company will earn ($0.38) per share for the year, up from their prior estimate of ($0.49). Jefferies Group also issued estimates for Precision Drilling’s Q4 2017 earnings at ($0.09) EPS, Q1 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.07) EPS, Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at ($0.30) EPS and FY2019 earnings at $0.35 EPS.

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PD has been the subject of a number of other research reports. Canaccord Genuity dropped their price target on Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. BMO Capital Markets reiterated an “outperform” rating and set a C$6.00 price target on shares of Precision Drilling in a research report on Monday, October 30th. TD Securities reiterated a “buy” rating and set a C$6.00 price target on shares of Precision Drilling in a research report on Tuesday, September 12th. Raymond James Financial, Inc. dropped their price target on Precision Drilling from C$6.50 to C$5.75 and set a “speculative buy” rating for the company in a research report on Tuesday, August 22nd. Finally, Deutsche Bank AG reiterated a “hold” rating and set a C$4.00 price target on shares of Precision Drilling in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$6.25.

Precision Drilling (TSE PD) opened at C$4.00 on Friday. Precision Drilling has a 12 month low of C$2.89 and a 12 month high of C$8.21.

In other news, Director Kevin A. Neveu acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were bought at an average cost of C$3.13 per share, with a total value of C$31,300.00.

About Precision Drilling

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.

Earnings History and Estimates for Precision Drilling (TSE:PD)

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