Could Precision Drilling Corporation Gain Strenght? The Stock Reaches 52-Week Low

 Could Precision Drilling Corporation Gain Strenght? The Stock Reaches 52 Week Low

The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 523,852 shares traded hands. Precision Drilling Corporation (TSE:PD) has risen 6.89% since April 1, 2016 and is uptrending. It has outperformed by 4.93% the S&P500.
The move comes after 8 months negative chart setup for the $1.72B company. It was reported on Nov, 8 by Barchart.com. We have $5.26 PT which if reached, will make TSE:PD worth $137.60M less.

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 10.84% above today’s ($5.72) stock price. Precision Drilling Corporation has been the topic of 29 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock of Precision Drilling Corporation (TSE:PD) earned “Outperform” rating by Raymond James on Tuesday, September 8. RBC Capital Markets maintained Precision Drilling Corporation (TSE:PD) on Friday, July 22 with “Outperform” rating. TD Securities maintained Precision Drilling Corporation (TSE:PD) on Wednesday, November 2 with “Buy” rating. The company was maintained on Wednesday, August 19 by IBC. RBC Capital Markets maintained it with “Outperform” rating and $8 target price in Monday, October 24 report. The firm earned “Underperform” rating on Friday, July 22 by Scotia Capital.

Another recent and important Precision Drilling Corporation (TSE:PD) news was published by Marketwatch.com which published an article titled: “Precision Drilling Corporation Announces Pricing Details of Redemption of 2019 …” on November 08, 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 $1.72 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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