The stock of Precision Drilling Corporation (TSE:PD) is a huge mover today! About 262,457 shares traded hands. Precision Drilling Corporation (TSE:PD) has risen 8.33% since April 22, 2016 and is uptrending. It has outperformed by 2.32% the S&P500.
The move comes after 6 months positive chart setup for the $1.81B company. It was reported on Nov, 28 by Barchart.com. We have $7.01 PT which if reached, will make TSE:PD worth $144.80 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 -2.31% below today’s ($6.49) stock price. Precision Drilling Corporation has been the topic of 30 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Sector Outperform” rating given by IBC on Wednesday, August 19. As per Friday, July 22, the company rating was maintained by Scotia Capital. The rating was maintained by TD Securities on Wednesday, November 2 with “Buy”. Raymond James upgraded the stock to “Outperform” rating in Tuesday, September 8 report. The stock of Precision Drilling Corporation (TSE:PD) earned “Outperform” rating by RBC Capital Markets on Monday, October 24. The rating was maintained by RBC Capital Markets on Friday, July 22 with “Outperform”. The firm has “Buy” rating by TD Securities given on Tuesday, November 8.
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 $1.81 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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