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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:10 EDTPDSPrecision Drilling announces new contract awards, CapEx plan update
Precision Drilling announced new international contract awards and an update on its 2014 capital expenditure plan, which is now $634M. In the Middle East, the company has signed a multi-year contract for a Super Triple new build ST-2000 drilling rig that will be delivered late in Q4 of this year. In Mexico, the company has signed multi-year contracts for a total of six drilling rigs, including re-contracting three existing 3,000 horsepower rigs working for a major integrated project management, or IPM, service provider and contracting, as part of a consortium, for three 1,000 horsepower rigs. The 2014 CapEx plan of $634M is an increase of $119M from the plan announced during the company's February 14, Q4 and year end press release. The updated 2014 plan includes $320M for expansion capital, $195M for sustaining and infrastructure expenditures, and $119M to upgrade existing rigs. The company expects that the $634M will be split $597M in the Contract Drilling segment and $37M in the Completion and Production Services segment.
News For PDS From The Last 14 Days
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February 2, 2016
10:10 EDTPDSPrecision Drilling downgraded to Market Perform at Raymond James (pre-open)
Raymond James downgraded Precision Drilling to Market Perform from Outperform.
January 29, 2016
10:05 EDTPDSOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: American Equity (AEL) initiated with an Outperform at RBC Capital... Calpine (CPN) initiated with a Buy at Guggenheim... Diamondback Energy (FANG) initiated with an Outperform at BMO Capital... Dynegy (DYN) initiated with a Neutral at Guggenheim... ICF International (ICFI) initiated with a Market Perform at Barrington... Juno Therapeutics (JUNO) initiated with a Buy at SunTrust... Kite Pharma (KITE) initiated with a Buy at SunTrust... Match Group (MTCH) initiated with a Neutral at Susquehanna... Medifast (MED) initiated with a Hold at Wunderlich... NRG Energy (NRG) initiated with a Buy at Guggenheim... NRG Yield (NYLD) initiated with a Neutral at Guggenheim... Nutrisystem (NTRI) initiated with a Buy at Wunderlich... Parsley Energy (PE) initiated with an Outperform at BMO Capital... Precision Drilling (PDS) initiated with a Hold at Canaccord... RSP Permian (RSPP) initiated with an Outperform at BMO Capital... Taylor Morrison (TMHC) initiated with a Neutral at Citi... Tortoise North American Energy (TYN) initiated with a Neutral at Guggenheim... WisdomTree (WETF) initiated with a Neutral at Northcoast.
07:38 EDTPDSPrecision Drilling initiated with a Hold at Canaccord
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