Stock Investors Bid Up Shares of Precision Drilling Corp, Up 1.4%

Published on Fri, 01/25/2013 - 11:28
By Mallory Stone in Market movers, PDS, market movers, nyse:pds, precision drilling corp

One of today's stocks on the move is Precision Drilling Corp (NYSE:PDS), up 1.4% to $9.34. The Dow Jones Industrial Average is now trading fractionally higher to 13,847 and the S&P is trading fractionally higher to 1,497.

Precision Drilling Corp is an integrated oilfield drilling and energy service company providing services to the oil and gas industry. The Company provides oilfield rentals, well services, catering services, and drilling services through its several business units

There is potential upside of 11.3% for shares of Precision Drilling Corp based on a current price of $9.34 and an average consensus analyst price target of $10.40. The stock should discover initial support at its 50-day moving average (MA) of $7.97 and subsequent support at its 200-day MA of $7.95.

In the past 52 weeks, shares of Precision Drilling Corp have traded between a low of $5.82 and a high of $12.89 and are now at $9.34, which is 60% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

By Mallory Stone
mstone@fnno.com

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