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

Rating:
Outperform
PDS
down 39.23 %

Precision Drilling Corporation (PDS) rated Outperform by Raymond James

Posted on: Friday,  Dec 6, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Precision Drilling Corporation (NYSE: PDS) on 12/06/2013. Previously Raymond James rated Outperform Precision Drilling Corporation (NYSE: PDS) on
10/26/2012., when the stock price was $7.34. Since then, Precision Drilling Corporation has lost 39.24% as of 10/09/2015's recent price of $4.46.
If you would have followed the previous Raymond James's recommendation on PDS, you would have lost 39.23% of your investment in 1078 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.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/6/2013 8:25 AM Buy
None
8.92
as of 12/31/2012
1 Week up  2.98 %
1 Month up  9.52 %
3 Months up  12.80 %
1 YTD up  12.80 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/18/2013 8:25 AM Buy
None
2/15/2013 8:25 AM Buy
None
9.19
10/26/2012 10:25 AM Buy
None
7.34

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