News coverage about Precision Drilling (NYSE:PDS) (TSE:PD) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Precision Drilling earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.4585757498706 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

Several research analysts have recently issued reports on the company. Zacks Investment Research lowered Precision Drilling from a “buy” rating to a “hold” rating in a research report on Friday, January 5th. ValuEngine upgraded Precision Drilling from a “strong sell” rating to a “sell” rating in a research report on Monday, October 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $6.00 price target (down from $7.00) on shares of Precision Drilling in a research report on Friday, October 6th. Piper Jaffray Companies upgraded Precision Drilling from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $3.60 to $4.25 in a research report on Monday, September 18th. Finally, Cowen set a $5.00 price objective on Precision Drilling and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Precision Drilling presently has an average rating of “Hold” and an average price target of $4.73.

Shares of Precision Drilling (PDS) opened at $3.60 on Friday. The company has a market capitalization of $1,060.00, a price-to-earnings ratio of -11.61 and a beta of 1.77. Precision Drilling has a 12 month low of $2.26 and a 12 month high of $6.07. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.10 and a current ratio of 2.22.

Precision Drilling (NYSE:PDS) (TSE:PD) last issued its quarterly earnings data on Friday, October 27th. The oil and gas company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The business had revenue of $314.50 million for the quarter, compared to the consensus estimate of $320.36 million. Precision Drilling had a negative return on equity of 5.93% and a negative net margin of 9.45%. The firm’s revenue was up 47.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) EPS. analysts expect that Precision Drilling will post -0.31 earnings per share for the current fiscal year.

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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.

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