Analysts Set Precision Drilling Co. (PD) PT at $5.58
Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$5.58.
A number of brokerages have issued reports on PD. Citigroup upped their price objective on Precision Drilling from C$4.00 to C$4.25 in a research report on Wednesday, November 1st. BMO Capital Markets restated an “outperform” rating and set a C$6.00 price objective on shares of Precision Drilling in a research report on Monday, October 30th. Canaccord Genuity decreased their price objective on Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. Raymond James Financial decreased their price objective on Precision Drilling from C$5.75 to C$5.50 and set a “strong-buy” rating on the stock in a research report on Tuesday, December 5th. Finally, Royal Bank of Canada decreased their price objective on Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th.
Precision Drilling (PD) traded up C$0.14 during trading hours on Tuesday, hitting C$4.63. The company had a trading volume of 5,356,700 shares, compared to its average volume of 3,360,000. The stock has a market capitalization of $1,360.00, a P/E ratio of -11.87 and a beta of 1.43. Precision Drilling has a 12 month low of C$2.89 and a 12 month high of C$7.94.
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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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