Cormark Comments on Precision Drilling Co.’s FY2019 Earnings (PD)

Cormark Comments on Precision Drilling Co.’s FY2019 Earnings (PD)

Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Stock analysts at Cormark issued their FY2019 earnings per share estimates for shares of Precision Drilling in a research report issued on Friday. Cormark analyst J. Zhang forecasts that the company will post earnings per share of $0.21 for the year.

Several other equities research analysts have also weighed in on the company. Scotiabank raised their target price on Precision Drilling from C$4.50 to C$4.75 and gave the stock an “underperform” rating in a research report on Friday. Raymond James Financial raised their target price on Precision Drilling from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 13th. Canaccord Genuity raised their target price on Precision Drilling from C$4.50 to C$4.75 in a research report on Tuesday, February 6th. Citigroup raised their target price on Precision Drilling from C$4.00 to C$4.25 in a research report on Wednesday, November 1st. Finally, TD Securities raised their target price on Precision Drilling from C$6.00 to C$7.00 in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Precision Drilling presently has an average rating of “Buy” and a consensus target price of C$5.58.

Precision Drilling (TSE:PD) opened at C$4.30 on Monday. The stock has a market capitalization of $1,260.00, a PE ratio of -9.56 and a beta of 1.49. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$7.15.

COPYRIGHT VIOLATION WARNING: “Cormark Comments on Precision Drilling Co.’s FY2019 Earnings (PD)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.dispatchtribunal.com/2018/02/19/cormark-comments-on-precision-drilling-co-s-fy2019-earnings-pd.html.

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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Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Equities researchers at Cormark issued their FY2019 earnings per share estimates for Precision Drilling in a report issued on Friday. Cormark analyst J. Zhang anticipates that the company will post earnings of $0.21 per share for the year.

A number of other brokerages have also recently weighed in on PD. Citigroup increased their price target on Precision Drilling from C$4.00 to C$4.25 in a research report on Wednesday, November 1st. Raymond James Financial increased their price target on Precision Drilling from C$5.50 to C$5.75 and gave the stock a “strong-buy” rating in a research report on Tuesday, February 13th. 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. 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. Finally, TD Securities increased their price target on Precision Drilling from C$6.00 to C$7.00 in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$5.58.

Shares of Precision Drilling (TSE:PD) opened at C$4.30 on Monday. The firm has a market capitalization of $1,260.00, a P/E ratio of -9.56 and a beta of 1.49. Precision Drilling has a 1 year low of C$2.89 and a 1 year high of C$7.15.

TRADEMARK VIOLATION NOTICE: “Cormark Comments on Precision Drilling Co.’s FY2019 Earnings (PD)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another site, it was illegally stolen and reposted in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/19/cormark-comments-on-precision-drilling-co-s-fy2019-earnings-pd.html.

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)

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.

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