Precision Stock Hits New 52-Week High (PDS)

NEW YORK ( TheStreet) -- Precision Drilling (NYSE: PDS) hit a new 52-week high Tuesday as it is currently trading at $15.68, above its previous 52-week high of $15.66 with 405,649 shares traded as of 10:12 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

Precision has a market cap of $4.2 billion and is part of the basic materials sector and energy industry. Shares are up 45.3% year to date as of the close of trading on Monday.

Precision Drilling Corporation, through its subsidiaries, provides onshore well drilling services, completion and workover services, and ancillary services to the oil and gas industry in North America and internationally. The company has a P/E ratio of 69.1, above the average energy industry P/E ratio of 62.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Precision as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and feeble growth in the company's earnings per share. You can view the full Precision Ratings Report.

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