Stock Mover of the Day: Is Selling Precision Drilling Corp (USA) Here a Winning Strategy?

Stock Mover of the Day: Is Selling Precision Drilling Corp (USA) Here a Winning Strategy?

The stock of Precision Drilling Corp (USA) (NYSE:PDS) is a huge mover today! The stock decreased 3.51% or $0.17 during the last trading session, hitting $4.68. About 2.31 million shares traded hands. Precision Drilling Corp (USA) (NYSE:PDS) has risen 2.32% since April 14, 2016 and is uptrending. It has underperformed by 2.37% the S&P500.
The move comes after 5 months negative chart setup for the $1.52 billion company. It was reported on Nov, 16 by Barchart.com. We have $4.31 PT which if reached, will make NYSE:PDS worth $121.60M less.

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 company was maintained on Friday, October 23 by RBC Capital Markets. The rating was downgraded by Simmons & Co to “Neutral” on Monday, October 26. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 12 report. The rating was upgraded by Raymond James on Tuesday, May 31 to “Market Perform”. The stock of Precision Drilling Corp (USA) (NYSE:PDS) has “Market Perform” rating given on Tuesday, February 2 by Raymond James. The stock has “Neutral” rating given by Credit Suisse on Friday, September 4. DA Davidson initiated the stock with “Buy” rating in Thursday, September 15 report. The firm has “Sector Perform” rating by Scotia Capital given on Friday, October 9. The stock has “Underperform” rating given by Credit Suisse on Wednesday, June 1. Canaccord Genuity initiated the shares of PDS in a report on Friday, January 29 with “Hold” rating.

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.”

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