Today’s Price Action: What Next for Precision Drilling Corp (USA) Stock After Today’s Huge Increase?

Today's Price Action: What Next for Precision Drilling Corp (USA) Stock After Today's Huge Increase?

The stock of Precision Drilling Corp (USA) (NYSE:PDS) is a huge mover today! About 1.45M shares traded hands. Precision Drilling Corp (USA) (NYSE:PDS) has risen 21.41% since March 1, 2016 and is uptrending. It has outperformed by 12.17% the S&P500.
The move comes after 7 months positive chart setup for the $1.22B company. It was reported on Oct, 4 by Barchart.com. We have $5.80 PT which if reached, will make NYSE:PDS worth $463.60M more.

Analysts await Precision Drilling Corp (USA) (NYSE:PDS) to report earnings on October, 27. They expect $-0.16 EPS, down 166.67% or $0.10 from last year’s $-0.06 per share. After $-0.15 actual EPS reported by Precision Drilling Corp (USA) for the previous quarter, Wall Street now forecasts 6.67% negative EPS growth.

Precision Drilling Corp (USA) (NYSE:PDS) Ratings Coverage

Out of 11 analysts covering Precision Drilling Corporation (NYSE:PDS), 5 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 45% are positive. Precision Drilling Corporation has been the topic of 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Underperform” rating given on Wednesday, April 20 by Raymond James. Credit Suisse downgraded Precision Drilling Corp (USA) (NYSE:PDS) on Wednesday, June 1 to “Underperform” rating. RBC Capital Markets maintained it with “Outperform” rating and $7.50 target price in Friday, October 23 report. The firm earned “Sector Perform” rating on Friday, October 9 by Scotia Capital. The firm has “Buy” rating by DA Davidson given on Thursday, September 15. The stock of Precision Drilling Corp (USA) (NYSE:PDS) earned “Buy” rating by TD Securities on Monday, March 21. RBC Capital Markets maintained it with “Outperform” rating and $6.50 target price in Friday, February 12 report. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Neutral” rating given on Friday, September 4 by Credit Suisse. On Tuesday, May 31 the stock rating was upgraded by Raymond James to “Market Perform”. The rating was maintained by Cowen & Co with “Outperform” on Tuesday, February 16.

According to Zacks Investment Research, “Precision Drilling Corporation is an oilfield services company. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. It provides land drilling, directional drilling, turnkey drilling, camp and catering services, procures and distributes oilfield supplies. It also offers service rigs for well completion and workover services, snubbing services and wastewater treatment services, tubulars, well control equipment, wellsite accommodations. Precision Drilling Corporation is headquartered in Calgary, Canada.”

More news for Precision Drilling Corp (USA) (NYSE:PDS) were recently published by: Fool.ca, which released: “Why Was Precision Drilling Corporation Stock up 50% Last Week?” on March 08, 2016. Fool.ca‘s article titled: “Precision Drilling Corporation Is Hunkering Down to Survive the Storm” and published on February 12, 2016 is yet another important article.

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