Short Term Rating on Precision Drilling Corporation (PDS)

Precision Drilling Corporation (PDS) : The consensus on Precision Drilling Corporation (PDS) based on 11 analyst recommendation on the company stock is 2.45, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Precision Drilling Corporation (PDS).

Precision Drilling Corporation (PDS) has been rated by 11 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $9 and the lowest price target forecast is $3. The average forecast of all the analysts is $5.23 and the expected standard deviation is $1.72.

Company shares have received an average consensus rating of Hold for the current week


Precision Drilling Corporation (NYSE:PDS): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.03 and $4.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.16, notching a gain of 6.17% for the day. The total traded volume was 1,816,397 . The stock had closed at $4.86 on the previous day.

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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