Precision Drilling Corporation found using ticker (PDS) now have 13 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 5.48 and 3.36 calculating the mean target price we have 4.44. Given that the stocks previous close was at 40.89 this now indicates there is a potential downside of -89.1%. The 50 day moving average now sits at 33.35 and the 200 day MA is 25.32. The market cap for the company is $535m. You can visit the company’s website by visiting: http://www.precisiondrilling.com
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related products and services in North America and the Middle East. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry. This segment’s services include land drilling, directional drilling, and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture, sale, and repair of drilling equipment. As of December 31, 2020, it operated 227 land drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Kurdistan region of Iraq; and 1 in the country of Georgia. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; wellsite accommodations; oilfield surface equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operated 123 well completion and workover service rigs, including 113 in Canada and 10 in the United States. It also had approximately 1,400 oilfield rental items, including surface storage, small-flow wastewater treatment, power generation, and solids control equipment; 113 wellsite accommodation units; 966 drill camp beds; 822 base camp beds; and three kitchen diners in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.
You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.