The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 469,053 shares traded hands. Precision Drilling Corporation (TSE:PD) has declined 5.15% since March 11, 2016 and is downtrending. It has underperformed by 10.64% the S&P500.
The move comes after 8 months positive chart setup for the $1.68 billion company. It was reported on Oct, 18 by Barchart.com. We have $9.91 PT which if reached, will make TSE:PD worth $1.14B more.
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 2.88% above today’s ($5.9) stock price. Precision Drilling Corporation has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Scotia Capital given on Friday, July 22. The firm has “Outperform” rating given on Friday, July 22 by RBC Capital Markets. IBC maintained the stock with “Sector Outperform” rating in Wednesday, August 19 report. The firm has “Outperform” rating by Raymond James given on Tuesday, September 8.
More recent Precision Drilling Corporation (TSE:PD) news were published by: Marketwired.com which released: “Precision Drilling Corporation Announces Management Change” on March 11, 2016. Also Business.Financialpost.com published the news titled: “Precision Drilling Corp loss almost doubles, but drilling jobs are already …” on July 21, 2016. Business.Financialpost.com‘s news article titled: “Precision Drilling Corp swings into loss as revenue plummets, five contracts …” with publication date: April 25, 2016 was also an interesting one.
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 $1.68 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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