Recent extremely meaningful negative changes in investment behavior have impacted Precision Drilling Corp (NYSE: PDS): negative upside/downside volume developed, and its shorter term price trend turned down.
Recent important negative changes in fundamentals have impacted Precision Drilling Corp (NYSE: PDS): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDS is expected to be a modest Value Builder.
Precision Drilling has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Precision Drilling has a very high Appreciation Score of 91 but a neutral Power Rating of 47, leading to the Positive Value Trend Rating.
Recent Price Action
Precision Drilling Corp (NYSE: PDS) stock declined slightly by -0.2% on 6/12/24. The stock closed at $68.19. However, this decline was accompanied by unusually low trading volume at 59% of normal. The stock has been strong relative to the market over the last nine months and has risen 1.4% during the last week.
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