Precision Drilling traded at 121.40 this Monday August 24th, decreasing 4.70 or 3.73 percent since the previous trading session. Looking back, over the last four weeks, Precision Drilling lost 6.93 percent. Over the last 12 months, its price rose by 53.96 percent. Looking ahead, we forecast Precision Drilling to be priced at 123.31 by the end of this quarter and at 115.32 in one year, according to Trading Economics global macro models projections and analysts expectations.
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.