Should Investors Still Care About Cray Inc. (CRAY), Precision Drilling Corporation (PDS)?

Postado Outubro 12, 2017

We see here that Precision Drilling Corporation (NYSE:PDS) is -11.47% away from the 20-Day Simple Moving Average. The company beat the analyst EPS Estimate with the difference of $0.04.

Many analysts have provided their estimated foresights on Precision Drilling Corporation Earnings, with 16 analysts believing the company would generate an Average Estimate of $-0.09.

Deutsche Bank "Initiates Coverage On" Precision Drilling Corp (NYSE:PDS) in a research note issued to investors on 10/10/17 to Hold with price target of $4.

Precision Drilling Corporation (NYSE:PDS) shares have experienced a recent steady downtrend, causing some concern for shareholders. Quantbot Technologies LP acquired a new position in Precision Drilling Corporation during the first quarter worth $102,000. BMO Capital Markets reduced their price target on Precision Drilling from C$9.00 to C$6.00 and set an outperform rating on the stock in a research report on Tuesday, August 1st. Piper Jaffray upgraded Precision Drilling Corp (USA) (NYSE:PDS) on Monday, September 18 to "Buy" rating. Comerica Bank now owns 34,183 shares of the oil and gas company's stock worth $186,000 after buying an additional 2,586 shares in the last quarter. The Return on Equity (ROE) value stands at -7%. Shares last traded at $2.85 a tad above the 50 day moving average of $2.79 and quite a bit lower than the 200 day moving average of $3.45.

In case of Revenue Estimates, 10 analysts have provided their consensus Average Revenue Estimates for Precision Drilling Corporation as 263.57 Million. During the same period past year, the company earned ($0.20) earnings per share. Verition Fund Management LLC bought a new position in Precision Drilling Corporation during the second quarter worth $158,000. Pacad Investment Ltd. now owns 44,900 shares of the oil and gas company's stock worth $245,000 after buying an additional 4,200 shares in the last quarter. Pacad Investment Ltd. now owns 32,800 shares of the oil and gas company's stock worth $112,000 after purchasing an additional 14,700 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Precision Drilling Corporation by 140.0% during the first quarter. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -2.45%. The company's stock had a trading volume of 2,471,538 shares. Precision Drilling Corp's revenue for the quarter was up 14.9% on a year-over-year basis.

Precision Drilling Co. has a 1-year low of $3.01 and a 1-year high of $8.21.

A number of research analysts have recently issued reports on PDS shares.

Additionally on 9/18/17 PiperJaffray "Upgrades" Precision Drilling Corp (NYSE:PDS) to Overweight setting price target at $0 and on 9/12/17 JP Morgan "Downgrades" the stock to Neutral at $0. The stock has "Neutral" rating by Simmons & Co on Monday, October 26.

Cray maintained at an average outperform rating by 3 stock analysts, and there are at least 8.54% of shares outstanding that are now legally short sold. The company presently has a consensus rating of Hold and an average price target of C$6.91.

Precision Drilling Corporation is an oilfield services company. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry.

These funds have shifted positions in (PDS).