Royal Bank Of Canada Reaffirms “Outperform” Rating for Precision Drilling Co. (PD)
Precision Drilling Co. (TSE:PD)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a research report issued on Thursday. They currently have a C$8.00 price objective on the stock. Royal Bank Of Canada’s target price would suggest a potential upside of 40.11% from the stock’s current price.
PD has been the topic of a number of other research reports. Scotiabank lifted their target price on shares of Precision Drilling from C$3.50 to C$6.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 19th. TD Securities decreased their target price on shares of Precision Drilling from C$9.50 to C$8.50 and set a “buy” rating on the stock in a research report on Friday, July 22nd. Evercore ISI lifted their target price on shares of Precision Drilling from C$7.00 to C$8.00 in a research report on Wednesday, June 29th. CIBC reiterated a “sector outperform” rating and issued a C$7.50 target price on shares of Precision Drilling in a research report on Wednesday, August 24th. Finally, Evercore Partners Inc. boosted their price objective on shares of Precision Drilling from C$7.00 to C$8.00 in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of C$6.86.
Precision Drilling (TSE:PD) traded up 2.98% during midday trading on Thursday, hitting $5.88. 2,086,665 shares of the company were exchanged. The stock has a 50 day moving average of $5.33 and a 200 day moving average of $5.88. The firm’s market capitalization is $1.72 billion. Precision Drilling has a 1-year low of $3.41 and a 1-year high of $7.71.
Precision Drilling Company Profile
Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services.
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