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Precision Drilling (PDS) Catches Eye: Stock Jumps 9.4%

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Precision Drilling Corporation PDS was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $0.28 – $0.38 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Precision Drilling currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Precision Drilling Corporation Price

A better-ranked stock in the Oil and Gas - Drilling industry is Noble Corporation plc NE, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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