Precision Drilling Co. (PD) Stock Rating Reaffirmed by BMO Capital Markets
Precision Drilling Co. (TSE:PD) (NYSE:PDS)‘s stock had its “outperform” rating reissued by stock analysts at BMO Capital Markets in a note issued to investors on Monday. They currently have a C$6.00 price objective on the stock. BMO Capital Markets’ target price would suggest a potential upside of 55.04% from the company’s previous close.
Several other research firms have also commented on PD. Canaccord Genuity decreased their price target on shares of Precision Drilling from C$6.50 to C$4.75 in a research note on Tuesday, July 11th. CIBC raised their price target on shares of Precision Drilling from C$8.00 to C$11.00 in a research note on Thursday, July 20th. Raymond James Financial, Inc. decreased their price target on shares of Precision Drilling from C$6.50 to C$5.75 and set a “speculative buy” rating for the company in a research note on Tuesday, August 22nd. TD Securities restated a “buy” rating and set a C$6.00 price target on shares of Precision Drilling in a research note on Tuesday, September 12th. Finally, Royal Bank Of Canada decreased their price target on shares of Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research note on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$6.50.
Precision Drilling (TSE:PD) opened at 3.87 on Monday. The company’s market cap is $1.13 billion. Precision Drilling has a 12-month low of $2.89 and a 12-month high of $8.21. The company’s 50-day moving average price is $3.46 and its 200-day moving average price is $4.12.
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In other news, Director Kevin A. Neveu purchased 10,000 shares of the business’s stock in a transaction on Monday, August 28th. The stock was purchased at an average cost of C$3.13 per share, with a total value of C$31,300.00.
Precision Drilling Company Profile
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.
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