Stocks in Frontline Trades’ Choice: Precision Drilling (NYSE:PDS), Facebook (NASDAQ:FB)

Precision Drilling Corporation (NYSE:PDS) [Trend Analysis] luring active investment momentum, shares a decrease -0.72% to $5.55. Precision Drilling (PDS) anticipated 2016 capex to be approx. $213 million, down $9 million from its previous guidance; co also announces that planned capex for 2017 are $109 million.

The 2017 capital expenditure plan includes $51 million to upgrade existing rigs, expansion capital of $7 million, which is carried forward from 2016 international new build drilling rigs, and $51 million for sustaining and infrastructure.Co expects that the $109 million will be split $105 million in the Contract Drilling Services segment and $4 million in the Completion and Production Services segment.

The total volume of 5.29 Million shares held in the session was surprisingly higher than its average volume of 3144.65 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -15.80%, and looking further price to next year’s EPS is 15.90%. While take a short look on price to sales ratio, that was 2.14.

Shares of Facebook, Inc. (NASDAQ:FB) [Trend Analysis] runs in leading trade, it moving up 1.76% to traded at $117.43. The firm has price volatility of 2.53% for a week and 2.59% for a month. Its beta stands at 0.71 times. Facebook (FB) ‘Collections’ to Bring Curated Partner Content to News Feed, Similar to Snapchat Discover: Report .In the war of social media platforms, we have reached a point where it is becoming hard to distinguish which features are exclusive to any particular platform. Every platform is now borrowing the best features from its rivals, in an attempt to attract audiences.

In what seems like a continuation of this trend, Facebook is reportedly working a feature that would enable select publishers to push curated content directly into a user’s News Feed.The social media networking giant’s rumoured feature ‘Collections’ works similarly to the Snapchat Discover feature that displays content in an organised way from media partners, as per a report by Business Insider.

The report adds that early partners have been told the content will be added to the user’s News Feed by Facebook, and therefore reach a much wider audience. Narrow down four to firm performance, its weekly performance was -2.47% and monthly performance was -2.14%. The stock price of FB is moving down from its 20 days moving average with -1.66% and isolated negatively from 50 days moving average with -6.18%.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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