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Pioneer Drilling (AMEX:PDC) reported Q2 EPS of $0.07, ahead of consensus estimates of $0.04 per share.
The firm made the call based on valuation.
The firm has a $11 target on company shares. That is up from $9.
Shares of Pioneer Drilling (PDC) are flat in pre-market trading as the company is reportedly downgraded to Neutral from Buy at Pritchard.
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From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
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