Precision Drilling Corporation (PDS) has been under a strong bear grip, hence the stock is down -6.97% 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 2.1% in the past 1 week. The stock has risen by 2.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -7.1% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.64% and the 50-Day Moving Average is 7.4%.The 200 Day SMA reached 2.47%. Precision Drilling Corporation has dropped 19.25% during the last 3-month period . Year-to-Date the stock performance stands at 9.64%.
Precision Drilling Corporation (NYSE:PDS): After opening at $4.3, the stock dipped to an intraday low of $4.27 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $4.39 and the buying power remained strong till the end. The stock closed at $4.32 for the day, a gain of 2.37% for the day session. The total traded volume was 1,811,173. The stocks close on the previous trading day was $4.22.
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.