Precision Drilling Corporation’s Trend Down, Especially After Today’s Weak Session

 Precision Drilling Corporation's Trend Down, Especially After Today's Weak Session

The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 757,185 shares traded hands. Precision Drilling Corporation (TSE:PD) has risen 4.49% since March 10, 2016 and is uptrending. It has underperformed by 1.12% the S&P500.
The move comes after 7 months negative chart setup for the $1.67B company. It was reported on Oct, 17 by Barchart.com. We have $5.34 PT which if reached, will make TSE:PD worth $150.30 million less.

Precision Drilling Corporation (TSE:PD) Ratings Coverage

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. $11.50 is the highest target while $3 is the lowest. The $6.07 average target is 3.41% above today’s ($5.87) stock price. Precision Drilling Corporation has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. IBC maintained the stock with “Sector Outperform” rating in Wednesday, August 19 report. The stock of Precision Drilling Corporation (TSE:PD) has “Underperform” rating given on Friday, July 22 by Scotia Capital. The firm has “Outperform” rating given on Tuesday, September 8 by Raymond James. RBC Capital Markets maintained the shares of PD in a report on Friday, July 22 with “Outperform” rating.

More news for Precision Drilling Corporation (TSE:PD) were recently published by: Business.Financialpost.com, which released: “Precision Drilling Corp loss almost doubles, but drilling jobs are already …” on July 21, 2016. Business.Financialpost.com‘s article titled: “Precision Drilling Corp swings into loss as revenue plummets, five contracts …” and published on April 25, 2016 is yet another important article.

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 $1.67 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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