Precision Drilling (USA) (PDS) Reaches $2.95 1 Year Low; Argent Trust Company Lowered General Electric Co (GE) Position By $484,375

July 17, 2017 - By Dolores Ford

Argent Trust Company decreased General Electric Co (GE) stake by 12.83% reported in 2016Q4 SEC filing. Argent Trust Company sold 15,625 shares as General Electric Co (GE)’s stock declined 7.64%. The Argent Trust Company holds 106,176 shares with $3.36 million value, down from 121,801 last quarter. General Electric Co now has $232.30 billion valuation. The stock declined 0.07% or $0.02 reaching $26.76 per share. About 9.10 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since July 17, 2016 and is downtrending. It has underperformed by 21.16% the S&P500.

The stock of Precision Drilling Corp (USA) (NYSE:PDS) hit a new 52-week low and has $2.80 target or 5.00% below today’s $2.95 share price. The 7 months bearish chart indicates high risk for the $835.97M company. The 1-year low was reported on Jul, 17 by Barchart.com. If the $2.80 price target is reached, the company will be worth $41.80 million less. About 1.32 million shares traded. Precision Drilling Corp (USA) (NYSE:PDS) has declined 14.25% since July 17, 2016 and is downtrending. It has underperformed by 30.95% the S&P500.

Investors sentiment decreased to 0.82 in Q4 2016. Its down 0.07, from 0.89 in 2016Q3. It is negative, as 68 investors sold GE shares while 818 reduced holdings. 116 funds opened positions while 609 raised stakes. 4.64 billion shares or 0.15% more from 4.63 billion shares in 2016Q3 were reported. The Alabama-based Stanley has invested 0.52% in General Electric Company (NYSE:GE). Train Babcock Advisors Ltd holds 32,470 shares or 0.42% of its portfolio. Old Republic Intll Corporation reported 1.88% stake. Pacific Investment Mngmt has invested 1.58% in General Electric Company (NYSE:GE). Virtu Fin Ltd holds 0.04% or 10,728 shares in its portfolio. Manchester Mngmt Ltd Liability Company accumulated 70,816 shares. Cleararc Cap invested in 1.14% or 200,095 shares. First Corporation In holds 1.37% or 73,155 shares. Barnett & accumulated 0.11% or 6,725 shares. Northstar Grp holds 1.5% of its portfolio in General Electric Company (NYSE:GE) for 68,765 shares. Windsor Capital Management Ltd has 0.49% invested in General Electric Company (NYSE:GE) for 28,516 shares. Verity Verity Ltd Liability stated it has 1.95% in General Electric Company (NYSE:GE). Amica Pension Fund Board Of Trustees holds 1.38% in General Electric Company (NYSE:GE) or 362,978 shares. Fuller Thaler Asset Mngmt reported 50,582 shares or 0.02% of all its holdings. Riverpoint Capital Ltd Liability Com accumulated 103,190 shares.

Since January 23, 2017, it had 5 insider buys, and 1 sale for $1.20 million activity. Shares for $4.72M were sold by Joyce David Leon on Friday, February 3. Another trade for 4,000 shares valued at $110,800 was made by Beattie William G on Wednesday, May 17. DIMITRIEF ALEXANDER had bought 231 shares worth $7,046. IMMELT JEFFREY R also bought $2.81 million worth of General Electric Company (NYSE:GE) on Monday, May 15. On Tuesday, January 31 the insider Bornstein Jeffrey S bought $148,150.

Among 22 analysts covering General Electric Company (NYSE:GE), 11 have Buy rating, 3 Sell and 8 Hold. Therefore 50% are positive. General Electric Company had 49 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, October 14 by Stifel Nicolaus. The company was maintained on Tuesday, August 25 by Deutsche Bank. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The firm has “Buy” rating given on Monday, October 19 by Stifel Nicolaus. The firm has “Outperform” rating given on Monday, November 23 by Credit Suisse. The firm has “Buy” rating by RBC Capital Markets given on Monday, July 10. RBC Capital Markets maintained it with “Outperform” rating and $33 target in Monday, January 25 report. The company was downgraded on Wednesday, August 26 by TheStreet. The rating was maintained by with “Buy” on Monday, October 10. The rating was downgraded by Bernstein on Monday, April 4 to “Market Perform”.

Analysts await General Electric Company (NYSE:GE) to report earnings on July, 21 before the open. They expect $0.25 EPS, down 50.98% or $0.26 from last year’s $0.51 per share. GE’s profit will be $2.17 billion for 26.76 P/E if the $0.25 EPS becomes a reality. After $0.21 actual EPS reported by General Electric Company for the previous quarter, Wall Street now forecasts 19.05% EPS growth.

Precision Drilling Corporation is an oilfield services company. The company has market cap of $835.97 million. The Firm provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. It currently has negative earnings. The Firm operates through two divisions: Contract Drilling Services, and Completion and Production Services.

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