Precision Drilling Corp (NYSE: PDS) has reported E.P.S. of $2.53 for its first fiscal quarter (ending March 31) versus $7.02 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $16.37 versus $7.74 for the same period a year ago.
Recent Price Action
Precision Drilling Corp (NYSE: PDS) stock increased 1.3% on 4/25/24. The shares closed at $68.78. Moreover, this advance was accompanied by exceptionally high trading volume at 281% of normal. The stock has performed in line with the market over the last nine months and has risen 0.8% during the last week.
Current PriceTarget Research Rating
PDS is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Precision Drilling has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Precision Drilling has a very high Appreciation Score of 91 but a slightly negative Power Rating of 31, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment