The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 1.78M shares traded hands or 4.09% up from the average. Precision Drilling Corporation (TSE:PD) has risen 13.94% since February 5, 2016 and is uptrending. It has underperformed by 2.54% the S&P500.
The move comes after 5 months negative chart setup for the $1.45B company. It was reported on Sep, 13 by Barchart.com. We have $4.53 PT which if reached, will make TSE:PD worth $130.50 million less.
Out of 7 analysts covering Precision Drilling Corporation (TSE:PD), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Precision Drilling Corporation has been the topic of 19 analyst reports since September 23, 2015 according to StockzIntelligence Inc.
Precision Drilling Corporation provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. The company has a market cap of $1.45 billion. It operates through two divisions: Contract Drilling Services, and Completion and Production Services. It currently has negative earnings. The Contract Drilling Services segment includes Drilling rig activities in Canada, the United States and international, and Directional drilling activities in Canada and the United States.
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