Precision Drilling (PDS) Tops Q2 EPS by 4c, Beats on Revenues

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Go back to Precision Drilling (PDS) Tops Q2 EPS by 4c, Beats on Revenues

Precision Drilling (PDS) PT Lowered to $4.50 at Jefferies; Reiterates Buy

August 2, 2017 8:28 AM EDT

Jefferies lowered its price target on Precision Drilling (NYSE: PDS) to $4.50 (from $6.00) while maintaining a Buy rating. PDS's 2Q17 Canadian dayrates disappointed. Jefferies continues to believe that consensus Canadian dayrate assumptions are too optimistic for 2H17.

Analyst Brad Handler lowered 2018 EBITDA... More