Can Precision Drilling Corporation’s Tomorrow Be Different? The Stock Increases Again

 Can Precision Drilling Corporation's Tomorrow Be Different? The Stock Increases Again

The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! The stock last traded at $5.82 per share. It is down 6.20% since March 30, 2016 and is uptrending. It has outperformed by 4.99% the S&P500.
The move comes after 9 months positive chart setup for the $1.66 billion company. It was reported on Nov, 3 by We have $7.57 PT which if reached, will make TSE:PD worth $498.00M more.

Precision Drilling Corporation (TSE:PD) Ratings Coverage

Out of 8 analysts covering Precision Drilling Corporation (TSE:PD), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. $11.50 is the highest target while $3 is the lowest. The $6.34 average target is 8.93% above today’s ($5.82) stock price. Precision Drilling Corporation has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, November 2 by TD Securities. The rating was upgraded by Raymond James on Tuesday, September 8 to “Outperform”. As per Friday, July 22, the company rating was maintained by Scotia Capital. RBC Capital Markets maintained the shares of PD in a report on Monday, October 24 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Friday, July 22 with “Outperform”. IBC maintained the shares of PD in a report on Wednesday, August 19 with “Sector Outperform” rating.

Another recent and important Precision Drilling Corporation (TSE:PD) news was published by which published an article titled: “Moody’s rates Precision Drilling’s sr unsecured notes B3” on October 31, 2016.

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 $1.66 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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