Precision Drilling Corporation (PDS) Shares are Up 8.9%

Precision Drilling Corporation (PDS) has been under a strong bear grip, hence the stock is down -10.86% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 8.44% in the past 1 week. The stock has risen by 8.9% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.64% in the past 4 weeks.

Precision Drilling Corporation (NYSE:PDS): The stock opened at $4.68 on Friday but the bulls could not build on the opening and the stock topped out at $4.68 for the day. The stock traded down to $4.57 during the day, due to lack of any buying support eventually closed down at $4.65 with a loss of -1.27% for the day. The stock had closed at $4.71 on the previous day. The total traded volume was 1,543,734 shares.

The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 5.19%. Precision Drilling Corporation is up 5.2% in the last 3-month period. Year-to-Date the stock performance stands at 18.02%.

Precision Drilling Corporation (PDS) : 11 investment research analysts covering Precision Drilling Corporation (PDS) have an average price target of $5.37 for the near short term. The highest target price given by the Brokerage Firm to the stock is $9 and the lowest target is $3 for the short term. Analysts expect the variance to be within $1.61 of the average price.


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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