Significant negative changes in fundamentals have recently occurred for Precision Drilling Corp (NYSE: PDS): the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Precision Drilling Corp (NYSE: PDS) has recently experienced significant negative changes in investment behavior: its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Precision Drilling has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Precision Drilling has a very high Appreciation Score of 89 but a slightly negative Power Rating of 34, producing the High Neutral Value Trend Rating.
Recent Price Action
Precision Drilling Corp (NYSE: PDS) stock enjoyed a large increase of 2.2% on 1/29/25. The stock closed at $61.03. Moreover, this advance was accompanied by above average trading volume at 121% of normal. The stock has been weak relative to the market over the last nine months and has declined -6.6% during the last week.
Be the first to comment