gas drilling

Since its peak on June 8, Precision Drilling Corp (USA) (NYSE: PDS) shares have underperformed the OSX by 1,300 bps, its land driller peers by 1,800 bps and the S&P 500 by 2,875 bps. Jefferies’ Brad Handler upgraded the rating on the company from Underperform to Hold, while raising the...

Morgan Stanley has upgraded Helmerich & Payne, Inc. (NYSE: HP) to Equal Weight, as it sees the company as a defensive play within the sector, particularly relative to challenged offshore names. "Data points from our conference suggest relative tightness in pockets of the high-spec rig market...