Precision drilling company found using ticker (PDS) now have 13 analysts covering the stock. Analyst consensus indicates a “Buy” rating. The range between the high target price and the low target price is between 5.48 and 3.36 by calculating the average target price that we have 4.44. Since the previous close of shares was at 40.89, this now indicates that there is a potential decline of -89.1%. The 50-day moving average is now at 33.35 and the 200-day MA is at 25.32. The company’s market capitalization is $ 535 million. You can visit the company’s website by visiting: http://www.precisiondrilling.com
Precision Drilling Corporation, an oil services company, provides oil and gas drilling, 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 provides onshore well drilling services to exploration and production companies in the oil and gas industry. Services in this segment include land drilling, directional drilling and turnkey drilling; and the purchase and distribution of supplies for the oilfields, as well as the manufacture, sale and repair of drilling equipment. As of December 31, 2020, it operated 227 land-based drilling rigs, including 109 in Canada; 105 in the United States; 6 in Kuwait; 4 in Saudi Arabia; 2 in the Iraqi Kurdistan region; and 1 in the country of Georgia. The Completion and Production Services segment provides service platforms for well completion, reconditioning, abandonment, maintenance and re-entry preparation services; hosting on well site; rental of surface equipment for oil fields; and camping and restoration services to oil and natural gas exploration and production companies. This segment operated 123 well completion and reconditioning platforms, including 113 in Canada and 10 in the United States. It also had approximately 1,400 rental items from the oilfields, including equipment for surface storage, low-flow wastewater treatment, power generation and solids control; 113 well accommodation units; 966 drill camp beds; 822 base camp beds; and three diners in the kitchen in Canada. Precision Drilling Corporation was incorporated in 1951 and is headquartered in Calgary, Canada.