Today Precision Drilling Corporation Stock Crashes

 Today Precision Drilling Corporation Stock Crashes

The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 328,668 shares traded hands. Precision Drilling Corporation (TSE:PD) has risen 16.72% since April 21, 2016 and is uptrending. It has outperformed by 11.31% the S&P500.
The move comes after 5 months negative chart setup for the $1.91B company. It was reported on Nov, 25 by Barchart.com. We have $6.24 PT which if reached, will make TSE:PD worth $95.50M 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. Precision Drilling Corporation has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Friday, July 22, the company rating was maintained by RBC Capital Markets. The stock of Precision Drilling Corporation (TSE:PD) earned “Buy” rating by TD Securities on Tuesday, November 8. Raymond James upgraded Precision Drilling Corporation (TSE:PD) rating on Tuesday, September 8. Raymond James has “Outperform” rating and $6.75 price target. The company was maintained on Wednesday, August 19 by IBC. TD Securities maintained it with “Buy” rating and $8 target price in Wednesday, November 2 report. The rating was maintained by Scotia Capital on Friday, July 22 with “Underperform”. The stock of Precision Drilling Corporation (TSE:PD) earned “Outperform” rating by RBC Capital Markets on Monday, October 24.

Another recent and important Precision Drilling Corporation (TSE:PD) news was published by Marketwired.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 $1.91 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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