NEW YORK (
) hit a new 52-week low Thursday as it is currently trading at $6.40, below its previous 52-week low of $6.80 with 4.1 million shares traded as of 3:35 p.m. ET. Average volume has been 1.7 million shares over the past 30 days.
Precision has a market cap of $1.93 billion and is part of the
industry. Shares are down 32.1% year to date as of the close of trading on Wednesday.
Precision Drilling Corporation provides contract drilling, and completion and production services to oil and natural gas exploration and production companies. The company has a P/E ratio of 10.6, above the average energy industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Precision as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full
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