Somewhat Critical News Coverage Somewhat Unlikely to Impact Precision Drilling (PDS) Share Price

Headlines about Precision Drilling (NYSE:PDS) (TSE:PD) have been trending somewhat negative this week, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Precision Drilling earned a media sentiment score of -0.01 on Accern’s scale. Accern also gave news coverage about the oil and gas company an impact score of 46.1754230063934 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the media stories that may have effected Accern’s analysis:

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PDS stock opened at $3.04 on Tuesday. The company has a quick ratio of 1.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $906.11, a price-to-earnings ratio of -10.86 and a beta of 1.89. Precision Drilling has a twelve month low of $2.26 and a twelve month high of $4.73.

Precision Drilling (NYSE:PDS) (TSE:PD) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported ($0.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.02. The firm had revenue of $347.19 million during the quarter, compared to the consensus estimate of $333.97 million. Precision Drilling had a negative return on equity of 5.66% and a negative net margin of 10.29%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company earned ($0.10) earnings per share. research analysts predict that Precision Drilling will post -0.24 earnings per share for the current fiscal year.

A number of equities research analysts recently issued reports on the company. Piper Jaffray set a $4.00 target price on Precision Drilling and gave the company a “buy” rating in a research report on Thursday, April 5th. ValuEngine lowered Precision Drilling from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Morgan Stanley dropped their target price on Precision Drilling from $4.50 to $4.25 and set an “equal weight” rating on the stock in a research report on Wednesday, April 11th. Zacks Investment Research lowered Precision Drilling from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $3.40 target price (up previously from $3.00) on shares of Precision Drilling in a research report on Tuesday, February 27th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $4.33.

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Precision Drilling Company Profile

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.

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