Precision Drilling Corporation (NYSE:PDS – Get Free Report) (TSE:PD) gapped down prior to trading on Tuesday . The stock had previously closed at $96.99, but opened at $93.56. Precision Drilling shares last traded at $96.23, with a volume of 19,160 shares traded.
Wall Street Analysts Forecast Growth
PDS has been the subject of several research reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Precision Drilling in a research note on Friday, May 1st. Zacks Research raised shares of Precision Drilling from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Weiss Ratings raised shares of Precision Drilling from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Piper Sandler reiterated an “overweight” rating and set a $105.00 price objective (up from $81.00) on shares of Precision Drilling in a research report on Tuesday, February 17th. Finally, Loop Capital set a $122.00 price target on shares of Precision Drilling in a research note on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.33.
View Our Latest Analysis on Precision Drilling
Precision Drilling Trading Down 3.6%
Institutional Investors Weigh In On Precision Drilling
Hedge funds and other institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Precision Drilling during the 1st quarter worth approximately $45,000. Quarry LP acquired a new stake in shares of Precision Drilling during the 3rd quarter worth about $54,000. Raymond James Financial Inc. acquired a new position in Precision Drilling in the 2nd quarter valued at about $57,000. Wolverine Asset Management LLC lifted its stake in Precision Drilling by 112.9% during the fourth quarter. Wolverine Asset Management LLC now owns 802 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 7,000 shares during the last quarter. Finally, US Bancorp DE increased its position in Precision Drilling by 52.3% during the third quarter. US Bancorp DE now owns 1,188 shares of the oil and gas company’s stock worth $67,000 after buying an additional 408 shares during the period. Institutional investors and hedge funds own 48.86% of the company’s stock.
Precision Drilling Company Profile
Precision Drilling Corporation (NYSE: PDS) is a Calgary, Alberta–based oilfield services company that has provided drilling solutions since its founding in 1951. With more than seven decades of industry experience, the company delivers contract drilling services, directional and horizontal drilling, well servicing, and a suite of specialized equipment designed to meet the evolving needs of exploration and production companies worldwide.
The company’s core business activities include operating a fleet of onshore drilling rigs, offering managed pressure drilling, measurement-while-drilling (MWD) and logging-while-drilling (LWD) services, and providing completion and workover rigs.
Read More
- Five stocks we like better than Precision Drilling
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
- 3 Defense Giants Boosting Dividends as Shares Take a Ride
- Powerhouse Williams-Sonoma Heading to Fresh Highs in 2026
Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.
