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PD Stock Hits 12-Month Low of $1.12: What This Means for the Industry

PD Stock

PD stock is down more than 5.8% today, to a 12-month low of $1.12.

Precision Drilling Corp. (TSX:PD) (NYSE:PDS), the largest drilling rig contractor in Canada, has seen its stock fall by more than 31.6% in 2019 alone. PD stock has been on the slide since hitting a year high of $2.93 in April, subsequently posting a loss of $0.04 per share in Q2.

What Shape is the Industry In?

As we can see by the declining value of PD stock, the Oil and Gas industry outlook is pretty bleak at the moment. On ...

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