Citigroup Inc. Trims Precision Drilling Co. (PD) Target Price to C$4.00
Other equities research analysts also recently issued research reports about the company. CIBC increased their price objective on Precision Drilling from C$8.00 to C$11.00 in a research report on Thursday, July 20th. Canaccord Genuity lowered their price objective on Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. TD Securities reiterated a buy rating and issued a C$6.00 price objective on shares of Precision Drilling in a research report on Tuesday, September 12th. Deutsche Bank AG reissued a hold rating and issued a C$4.00 target price on shares of Precision Drilling in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reissued an outperform rating and issued a C$6.00 target price on shares of Precision Drilling in a research note on Monday, October 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Precision Drilling has a consensus rating of Hold and a consensus price target of C$6.23.
Shares of Precision Drilling (TSE:PD) opened at C$3.47 on Friday. Precision Drilling has a 12-month low of C$2.89 and a 12-month high of C$8.21.
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In related news, Director Kevin A. Neveu acquired 10,000 shares of Precision Drilling stock in a transaction dated Monday, August 28th. The shares were 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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