Precision Drilling Co. (TSE:PD) (NYSE:PDS)‘s stock had its “speculative buy” rating reissued by stock analysts at Scotiabank in a report released on Tuesday. They presently have a C$7.00 price target on the stock. Scotiabank’s target price would suggest a potential upside of 11.29% from the company’s current price.

A number of other brokerages have also commented on PD. TD Securities upped their target price on Precision Drilling from C$7.00 to C$8.00 in a research report on Monday, October 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$8.00 target price on shares of Precision Drilling in a research report on Monday, October 24th. Canaccord Genuity upped their target price on Precision Drilling from C$6.75 to C$7.25 and gave the company a “hold” rating in a research report on Monday, October 24th. Deutsche Bank AG upped their target price on Precision Drilling from C$5.00 to C$6.00 and gave the company a “hold” rating in a research report on Tuesday, October 25th. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$6.79.

Analyst Recommendations for Precision Drilling (TSE:PD)

Shares of Precision Drilling (TSE:PD) opened at 6.29 on Tuesday. The stock’s market capitalization is $1.84 billion. The firm’s 50-day moving average is $5.97 and its 200-day moving average is $5.94. Precision Drilling has a one year low of $3.41 and a one 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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