Precision Drilling Corporation (NYSE:PDS) on Focus After Report of More Shorts

June 17, 2018 - By Ash

Precision Drilling Corporation (NYSE:PDS) Logo

The stock of Precision Drilling Corporation (NYSE:PDS) registered an increase of 29.4% in short interest. PDS’s total short interest was 7.57 million shares in June as published by FINRA. Its up 29.4% from 5.85M shares, reported previously. With 1.83 million shares average volume, it will take short sellers 4 days to cover their PDS’s short positions. The short interest to Precision Drilling Corporation’s float is 2.59%.

The stock decreased 7.87% or $0.27 during the last trading session, reaching $3.16. About 2.15M shares traded or 25.65% up from the average. Precision Drilling Corporation (NYSE:PDS) has declined 4.81% since June 17, 2017 and is downtrending. It has underperformed by 17.38% the S&P500.

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company has market cap of $934.12 million. The firm operates in two divisions, Contract Drilling Services, and Completion and Production Services. It currently has negative earnings. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

Precision Drilling Corporation (NYSE:PDS) Ratings Coverage

Among 3 analysts covering Precision Drilling Corporation Common Stock (NYSE:PDS), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Precision Drilling Corporation Common Stock had 3 analyst reports since February 27, 2018 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Thursday, April 5. The company was maintained on Wednesday, April 11 by Morgan Stanley. Credit Suisse maintained the shares of PDS in report on Tuesday, February 27 with “Neutral” rating.

More news for Precision Drilling Corporation (NYSE:PDS) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for Klondex Mines, Sogou Inc., Nokia, HDFC Bank, Crescent Point Energy, and …” on June 08, 2018. Seekingalpha.com‘s article titled: “Precision Drilling announces note redemption and operational update” and published on June 12, 2018 is yet another important article.

Precision Drilling Corporation (NYSE:PDS) Ratings Chart

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