Precision Drilling Co. (PD) Given Average Rating of “Buy” by Brokerages
Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average recommendation of “Buy” by the eleven analysts that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$6.20.
A number of research firms have issued reports on PD. Citigroup upped their target price on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Wednesday, November 1st. Raymond James Financial reduced their target price on shares of Precision Drilling from C$5.75 to C$5.50 and set a “strong-buy” rating on the stock in a report on Tuesday, December 5th. Canaccord Genuity reduced their target price on shares of Precision Drilling from C$4.25 to C$3.75 in a report on Monday, October 30th. BMO Capital Markets restated an “outperform” rating and issued a C$6.00 target price on shares of Precision Drilling in a report on Monday, October 30th. Finally, Royal Bank of Canada reduced their target price on shares of 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.
Precision Drilling (TSE:PD) traded up C$0.20 during trading hours on Friday, reaching C$3.43. 3,432,933 shares of the company’s stock were exchanged, compared to its average volume of 2,059,340. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$8.11.
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.
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