Precision Drilling Co. (TSE:PD) (NYSE:PDS)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank AG in a report issued on Tuesday. They presently have a C$4.00 target price on the stock. Deutsche Bank AG’s price objective would indicate a potential upside of 23.84% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Canaccord Genuity lowered their price target on Precision Drilling from C$4.75 to C$4.25 in a report on Wednesday, August 2nd. CIBC raised their price target on Precision Drilling from C$8.00 to C$11.00 in a report on Thursday, July 20th. BMO Capital Markets lowered their price target on Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, August 1st. Royal Bank Of Canada lowered their price target on Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a report on Friday, October 6th. Finally, Raymond James Financial, Inc. lowered their price target on Precision Drilling from C$6.50 to C$5.75 and set a “speculative buy” rating on the stock in a report on Tuesday, August 22nd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Precision Drilling has a consensus rating of “Hold” and an average target price of C$6.91.

Precision Drilling (PD) opened at 3.23 on Tuesday. Precision Drilling has a 52-week low of $3.01 and a 52-week high of $8.21. The company’s market cap is $947.16 million. The firm has a 50-day moving average price of $3.46 and a 200-day moving average price of $4.44.

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In other news, Director Steven Wayne Krablin acquired 10,000 shares of Precision Drilling stock in a transaction dated Friday, August 18th. The shares were purchased at an average cost of C$2.63 per share, for a total transaction of C$26,300.00. Also, Director Brian James Gibson acquired 35,000 shares of Precision Drilling stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of C$3.58 per share, for a total transaction of C$125,300.00. Insiders have bought a total of 55,000 shares of company stock worth $182,900 over the last quarter.

About Precision Drilling

Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.

Analyst Recommendations for Precision Drilling (TSE:PD)

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