Precision Drilling Corporation (PDS) Receives ‘Analyst’ Rating

Precision Drilling Corporation (PDS) : The consensus on Precision Drilling Corporation (PDS) based on 10 analyst recommendation on the company stock is 2.3, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold 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.

Precision Drilling Corporation (PDS) stock is expected to deviate a maximum of $1.56 from the average target price of $5.25 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $9 and the most muted being $3.


Also, Jefferies upgrades their rating on the shares of Precision Drilling Corporation (NYSE:PDS). The current rating of the shares is Hold. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on September 6, 2016.

Precision Drilling Corporation (NYSE:PDS): After opening at $3.85, the stock dipped to an intraday low of $3.77 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $3.89 and the buying power remained strong till the end. The stock closed at $3.77 for the day, a gain of 0.27% for the day session. The total traded volume was 2,571,107. The stocks close on the previous trading day was $3.76.

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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