Shares of Precision Drilling Corporation (NYSE:PDS) traded at a new 52-week high today of $28.31. Approximately 103,000 shares have changed hands today, as compared to an average 30-day volume of 112,000 shares.
Precision Drilling Corporation share prices have moved between a 52-week high of $28.31 and a 52-week low of $5.44 and are now trading 418% above that low price at $28.18 per share.
Precision Drilling is a leader in North American oil and gas services. Precision is Canada’s market leader in contract drilling, and expanded in to the United States with the purchase of Grey Wolf. In addition to more than 250 land rigs, the company also offers completions, workover, maintenance, and abandonment services with more than 235 service rigs. The trust also offers equipment rentals, rig-site camps, and catering.
Based on a current price of $28.18, Precision Drilling Corporation is currently 9.7% above its average consensus analyst price target of $25.46.
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