Precision Drilling Corporation Stock Is Rising Now

 Precision Drilling Corporation Stock Is Rising Now

The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 466,268 shares traded hands. Precision Drilling Corporation (TSE:PD) has risen 2.25% since April 11, 2016 and is uptrending. It has underperformed by 1.68% the S&P500.
The move comes after 8 months positive chart setup for the $1.92B company. It was reported on Nov, 15 by We have $8.83 PT which if reached, will make TSE:PD worth $748.80 million 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 -0.16% below today’s ($6.35) stock price. Precision Drilling Corporation has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, August 19 the stock rating was maintained by IBC with “Sector Outperform”. TD Securities maintained it with “Buy” rating and $8 target price in Wednesday, November 2 report. Scotia Capital maintained the stock with “Underperform” rating in Friday, July 22 report. As per Tuesday, September 8, the company rating was upgraded by Raymond James. RBC Capital Markets maintained it with “Outperform” rating and $8 target price in Friday, July 22 report. TD Securities maintained Precision Drilling Corporation (TSE:PD) rating on Tuesday, November 8. TD Securities has “Buy” rating and $8 price target. RBC Capital Markets maintained the shares of PD in a report on Monday, October 24 with “Outperform” rating.

Another recent and important Precision Drilling Corporation (TSE:PD) news was published by 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 $1.92 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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