Simmons & Company, energy specialists of Piper Jaffray, presented a pair trade as it updated its replacement value templates for its land drilling and SMID-cap universe. upgraded shares of Precision Drilling Corp (USA) (NYSE: PDS) from Neutral to Overweight and raised the price target from $3.60 to $4.25. Meanwhile, the firm downgraded shares of Sanchez Energy Corp (NYSE: SN) from Overweight to Neutral and lowered its price target from $14 to $6. At the time of writing, shares of Precision Drilling were up 0.70 percent at $2.89, while Sanchez Energy was slipping 1.23 percent to $4.41. SourceSN: A breakout of the falling wedge is coming. $SNECQ, SANCHEZ ENERGY CORP / D PDS: STochastics are entering the overbought territory. So the breakout of the falling channel is questionable. Looks like some correction is possible. $PDS, Precision Drilling Corporation / D