Precision Drilling Co. (TSE:PD) (NYSE:PDS) had its price target lowered by Citigroup Inc. from C$4.25 to C$4.00 in a research note published on Friday.

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.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and international copyright legislation. The correct version of this news story can be viewed at

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.

Analyst Recommendations for Precision Drilling (TSE:PD)

Receive News & Ratings for Precision Drilling Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.