Analyst Observation On 2 Stocks: Precision Drilling Corporation (PDS), Verso Corporation (VRS)

Precision Drilling Corporation (NYSE:PDS) was less active in the last trading session as around 2.03 million shares exchanged hands on Wall Street, representing a decrease from its normal capacity of 2.93 million shares. A -3.44% change after the initial price of $2.62, sent the closing price to $2.53.

Precision Drilling Corporation (PDS) Analyst Opinion

Precision Drilling Corporation has a consensus outperform rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 3.63% of shares outstanding. The stock sank -10.6% last month and is down -53.58 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover PDS having a buy-equivalent rating. Analysts have placed a $4.56 price target on Precision Drilling Corporation, suggesting a 80.24% gain from recent close. It’s currently trading about -59.52% below its 52-week high.

Precision Drilling Corporation Earnings Surprise

Precision Drilling Corporation (PDS) surprised the stock market in its last reported earnings when it earned -$0.12 a piece versus the consensus-estimated -$0.2. Its revenue totaled $272.33 million down -21.25% from the previous quarter.

Precision Drilling Corporation (NYSE:PDS) Intraday View

This stock (PDS) is ahead of its 52-week low with 6.3%. Its last month’s stock price volatility remained 2.83% which for the week stands at 3.92%. The share price has moved backward from its 20 days moving average, trading at a distance of -11.83% and stays -8.91% away from its 50 days moving average. Over the last five days, shares have faced -2.32% losses and now is down -35.47% since hitting its 200-day moving average of $3.32. Precision Drilling Corporation (PDS) has made its way to a 12-month decline of -44.15%.

Turning to Verso Corporation (NYSE:VRS), its shares were trading at $6 a gain of $0.2, on the trading floor. The stock, after opening at $5.81, touched a high of $6.16 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. Verso Corporation has 0 buy ratings, 0 holds and 0 sells even after the stock tumbled -28.83% from its high of $8.43 to a $209.22 million market value through last close.

Verso Corporation (VRS) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2 to 2 during a month. Analysts set a 12-month price target of $13.13 a share. The target implies a 118.83% spike from where the shares are currently trading. Also, the current price highlights a discount of 150% to analysts’ high consensus price target.

Verso Corporation (NYSE:VRS) Intraday Trading

The counter witnessed a trading volume of 0.79 million shares versus an average volume of 0.14 million shares during last trading session. Its last month’s stock price volatility remained 4% which for the week approaches 4.08%. The lowest price the stock reached in the last trading day was $5.78 and compares with the $3.17 52-week low. The stock recovered 89.27% since its low point and has performed -15.49% year-to-date.

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