Stock of The Day: Precision Drilling Corp (USA) Has Another Very Strong Trading Session

Stock of The Day: Precision Drilling Corp (USA) Has Another Very Strong Trading Session

The stock of Precision Drilling Corp (USA) (NYSE:PDS) is a huge mover today! About 1.70 million shares traded hands. Precision Drilling Corp (USA) (NYSE:PDS) has declined 8.96% since April 13, 2016 and is downtrending. It has underperformed by 12.89% the S&P500.
The move comes after 5 months positive chart setup for the $1.43B company. It was reported on Nov, 15 by Barchart.com. We have $5.82 PT which if reached, will make NYSE:PDS worth $328.90 million more.

Precision Drilling Corp (USA) (NYSE:PDS) Ratings Coverage

Out of 11 analysts covering Precision Drilling Corporation (NYSE:PDS), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. Precision Drilling Corporation has been the topic of 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Neutral” rating given on Friday, September 4 by Credit Suisse. The rating was maintained by Cowen & Co on Tuesday, February 16 with “Outperform”. Jefferies upgraded Precision Drilling Corp (USA) (NYSE:PDS) on Tuesday, September 6 to “Hold” rating. Evercore maintained Precision Drilling Corp (USA) (NYSE:PDS) rating on Saturday, August 22. Evercore has “Buy” rating and $8.35 price target. As per Tuesday, April 19, the company rating was maintained by Morgan Stanley. The firm has “Buy” rating by DA Davidson given on Thursday, September 15. The rating was downgraded by Raymond James to “Underperform” on Wednesday, April 20. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned “Market Perform” rating by Raymond James on Tuesday, February 2. The firm has “Neutral” rating by Simmons & Co given on Monday, October 26. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned “Sector Perform” rating by Scotia Capital on Friday, October 9.

According to Zacks Investment Research, “Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. It also offers service rigs for well completion and workover services, snubbing services and wastewater treatment services, tubulars, well control equipment, wellsite accommodations. Precision Drilling Corporation is headquartered in Calgary, Canada.”

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