Is Selling Xtreme Drilling Corp Here a Winning Strategy?

 Is Selling Xtreme Drilling Corp Here a Winning Strategy?

The stock of Xtreme Drilling Corp (TSE:XDC) is a huge mover today! About 19,120 shares traded hands. Xtreme Drilling Corp (TSE:XDC) has risen 60.59% since March 10, 2016 and is uptrending. It has outperformed by 54.98% the S&P500.
The move comes after 8 months negative chart setup for the $227.14 million company. It was reported on Oct, 17 by Barchart.com. We have $2.41 PT which if reached, will make TSE:XDC worth $22.71M less.

Xtreme Drilling Corp (TSE:XDC) Ratings Coverage

Out of 2 analysts covering Xtreme Drilling and Coil Services Corp (TSE:XDC), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.75 is the highest target while $2.75 is the lowest. The $3.25 average target is 21.27% above today’s ($2.68) stock price. Xtreme Drilling and Coil Services Corp has been the topic of 2 analyst reports since October 14, 2015 according to StockzIntelligence Inc.

More notable recent Xtreme Drilling Corp (TSE:XDC) news were published by: Streetinsider.com which released: “Schlumberger Ltd. (SLB) to Acquire Assets of Xtreme Drilling’s XSR Coiled …” on April 27, 2016, also Marketwired.com with their article: “Xtreme Drilling and Coil Services Corp. Announces Name Change to Xtreme …” published on July 04, 2016, Marketwired.com published: “Xtreme Drilling and Coil Services Corp. Announces Completion of Sale of XSR …” on June 23, 2016. More interesting news about Xtreme Drilling Corp (TSE:XDC) were released by: Seekingalpha.com and their article: “Xtreme Coil Drilling: Drilling Into Cash Flows During The Downturn (XTMCF)” published on July 23, 2015 as well as Marketwired.com‘s news article titled: “Xtreme Drilling and Coil Services Reports Full Year 2015 Financial and …” with publication date: March 11, 2016.

Xtreme Drilling Corp, formerly Xtreme Drilling and Coil Services Corp, is a Canada firm engaged in the gas and oil drilling industry. The company has a market cap of $227.14 million. The Company’s divisions are Drilling Services, Coil Services and Corporate and Other. It currently has negative earnings. The Drilling Services segment operates a fleet of drilling rigs contracted with oil and natural gas exploration, and production companies and oilfield service providers.

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