Precision Drilling Corporation (PDS) Shares Slide -5.74%

Precision Drilling Corporation (PDS) : During the past 4 weeks, traders have been relatively bearish on Precision Drilling Corporation (PDS), hence the stock is down -25.43% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.68% relative to the S&P 500. The 4-week change in the price of the stock is -22.92% and the stock has fallen -5.74% in the past 1 week.

The stock has recorded a 20-day Moving Average of 11.94% and the 50-Day Moving Average is 13.02%. Precision Drilling Corporation has dropped 17.88% during the last 3-month period . Year-to-Date the stock performance stands at 8.38%.


Precision Drilling Corporation (NYSE:PDS): stock turned positive on Friday. Though the stock opened at $4.25, the bulls momentum made the stock top out at $4.33 level for the day. The stock recorded a low of $4.16 and closed the trading day at $4.27, in the green by 0.95%. The total traded volume for the day was 1,970,806. The stock had closed at $4.23 in the previous days trading.

Also, Jefferies maintains its view on Precision Drilling Corporation (NYSE:PDS) according to the research report released by the firm to its investors. The shares have now been rated Underweight by the stock experts at the ratings house. Jefferies raises the price target from $3 per share to $4 per share on Precision Drilling Corporation. The rating by the firm was issued on July 11, 2016.

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to customers. It provides customers with access to a fleet of contract drilling rigs, directional drilling services, well service and snubbing rigs, coiled tubing services, camps, rental equipment, and water treatment units backed by a mix of technical support services. The Company provides the equipment, personnel and support services, which enables drill, complete and workover onshore wells for conventional and unconventional crude oil and natural gas exploration and production. The Companys service lines include Drilling Rigs (Canada), Drilling Rigs (United States), Drilling Rigs (International), Directional Drilling (Canada and United States), Rig Builds and Repair Turnkey Drilling Services, Oilfield Supplies (Canada and United States) and Oilfield Equipment Rentals, among others.

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