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Enter Symbol:
Precision Drilling Corporation (PDS) [hlAlert]

down 49.37 %

Precision Drilling Corporation (PDS) rated Outperform by Wells Fargo

Posted on: Thursday,  Sep 13, 2012  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Precision Drilling Corporation (NYSE: PDS) on 09/13/2012, when the stock price was $8.81. Since
then, Precision Drilling Corporation has lost 49.38% as of 10/09/2015's recent price of $4.46.
If you would have followed this Wells Fargo's recommendation on PDS, you would have lost 49.37% of your investment in 1121 days.

Precision Drilling Trust (the Trust or Precision) is engaged in land drilling in North America with drilling rigs operating in gas basin. The Company operates in two business segments: contract drilling services and completion and production services. Precision operated 374 land rigs, 229 service rigs and 100 camps along with catering, rental, snubbing and wastewater services. During the year ended December 31, 2008, Precision?s fleet consisted of 374 rigs with 220 in Canada, 151 in the United States, two in Mexico and one in Chile. On December 23, 2008, the Company acquired Grey Wolf, Inc. (Grey Wolf). Its subsidiaries include Grey Wolf Inc., Kenting Energy Services Inc., LRG Oilfield Services Ltd. McKenzie Caterers (1984) Ltd., Rostel Industries Ltd. and Columbia Oilfield Supply Ltd.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/13/2012 8:25 AM Buy
as of 12/31/2012
1 Week up  2.98 %
1 Month up  9.52 %
3 Months up  5.61 %
1 YTD down  -6.01 %

(*) Stock Price at the time of the recommendation.
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