Precision Drilling Corporation (PDS) Shares are Down -4.09%

Precision Drilling Corporation (PDS) : During the past 4 weeks, traders have been relatively bearish on Precision Drilling Corporation (PDS), hence the stock is down -10.64% 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 -4.14% relative to the S&P 500. The 4-week change in the price of the stock is -9.72% and the stock has fallen -4.09% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 9.41%. Precision Drilling Corporation (NYSE:PDS): On Fridays trading session , Opening price of the stock was $4.68 with an intraday high of $4.68. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.425. However, the stock managed to close at $4.46, a loss of 4.29% for the day. On the previous day, the stock had closed at $4.66. The total traded volume of the day was 1,796,528 shares.


The company Insiders own 0.95% of Precision Drilling Corporation shares according to the proxy statements. Institutional Investors own 69.49% of Precision Drilling Corporation shares. Also, Jefferies maintains their rating on the shares of Precision Drilling Corporation (NYSE:PDS). The current rating of the shares is Underweight. Equity Analysts at the Firm raises the price target to $4 per share from $3 per share. 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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