Pritchard Capital Provides Color on Drilling

Pritchard Capital provided color on the drilling sector. In a research report published today, Pritchard Capital states, “Land drilling stocks are leading the rally in the drilling industry. While we believe all the stocks are likely to see significant appreciation, we think Pioneer Drilling Company (PDC-$13.60), Nabors Industries Ltd. (NBR-$22.81) and Patterson-UTI Energy Inc. (PTEN-$27.72) will outperform.” On Monday, Pioneer Drilling PDC added 0.89% to its value to finish the day at $13.60. At the same time, Nabors Industries NBR lost 1% of its value on Monday to end the day at $22.81, while Patterson-UTI Energy PTEN closed the day at $27.72, or 2.12% below Monday's close.