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Morgan Stanley downgraded Precision Drilling Corp (USA) (NYSE:PDS) to Equal Weight in a statement released earlier today.

Boasting a price of $3.31, Precision Drilling Corp (USA) (NYSE:PDS) traded 0.00% even on the day. With the last stock price close down -21.04% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Precision Drilling Corp (USA) has recorded a 50-day average of $2.76 and a two hundred day average of $3.63. Volume of trade was down over the average, with 2,590,200 shares of PDS changing hands under the typical 3,063,670

Morgan Stanley has downgraded Precision Drilling Corp (USA) (NYSE:PDS) to Equal Weight in a statement released on 6/21/2017.

Performance Chart

Precision Drilling Corp (USA) (NYSE:PDS)

With a total market value of $0, Precision Drilling Corp (USA) has with a one year low of $2.38 and a one year high of $6.25 .

A total of 15 equity analysts have released a ratings update on PDS. One equity analyst rating the company a strong buy, eight equity analysts rating the company a buy, four equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $5.11.

Brief Synopsis About Precision Drilling Corp (USA) (NYSE:PDS)

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment operates its rigs in Canada, the United States and internationally. The Completion and Production Services segment provides completion and workover services and ancillary services to oil and natural gas exploration and production companies in Canada and the United States. As of December 31, 2016, the Contract Drilling Services segment consisted of 255 land drilling rigs, including 135 in Canada, 103 in the United States, five in Mexico, four in Saudi Arabia, five in Kuwait, two in the Kurdistan region of Iraq and one in the country of Georgia.

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