Precision Drilling Corp. (NYSE:PDS) (TSE:PD) was upgraded by equities researchers at Tudor Pickering from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other analysts have also commented on the stock. TD Securities reaffirmed a “buy” rating and set a $8.00 price target on shares of Precision Drilling Corp. in a research report on Thursday, November 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $7.25 price target (up previously from $6.75) on shares of Precision Drilling Corp. in a research report on Monday, October 24th. RBC Capital Markets reaffirmed an “outperform” rating and set a $8.00 price target on shares of Precision Drilling Corp. in a research report on Monday, October 24th. Scotiabank raised shares of Precision Drilling Corp. from an “underperform” rating to a “sector perform” rating in a research report on Monday, October 24th. Finally, Zacks Investment Research raised shares of Precision Drilling Corp. from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Thursday, October 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. Precision Drilling Corp. presently has an average rating of “Buy” and an average price target of $5.66.

Analyst Recommendations for Precision Drilling Corp. (NYSE:PDS)

Shares of Precision Drilling Corp. (NYSE:PDS) opened at 5.30 on Tuesday. The stock’s market cap is $1.55 billion. Precision Drilling Corp. has a one year low of $2.43 and a one year high of $6.08. The stock’s 50 day moving average price is $4.61 and its 200 day moving average price is $4.58.

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Several institutional investors have recently modified their holdings of the company. 1832 Asset Management L.P. increased its position in shares of Precision Drilling Corp. by 130.1% in the third quarter. 1832 Asset Management L.P. now owns 22,016,410 shares of the company’s stock worth $91,968,000 after buying an additional 12,446,668 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of Precision Drilling Corp. during the second quarter worth approximately $87,718,000. Vanguard Group Inc. increased its position in shares of Precision Drilling Corp. by 15.4% in the second quarter. Vanguard Group Inc. now owns 5,020,281 shares of the company’s stock worth $26,607,000 after buying an additional 671,516 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its position in shares of Precision Drilling Corp. by 7.2% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 2,482,933 shares of the company’s stock worth $10,379,000 after buying an additional 166,955 shares during the last quarter. Finally, I.G. Investment Management LTD. increased its position in shares of Precision Drilling Corp. by 57.9% in the second quarter. I.G. Investment Management LTD. now owns 1,990,500 shares of the company’s stock worth $10,555,000 after buying an additional 730,100 shares during the last quarter. Hedge funds and other institutional investors own 72.65% of the company’s stock.

Precision Drilling Corp. 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.

5 Day Chart for NYSE:PDS

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