Equities Analysts Offer Predictions for Precision Drilling Co.’s FY2019 Earnings (PD)
Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Equities research analysts at Cormark issued their FY2019 earnings estimates for Precision Drilling in a report released on Friday. Cormark analyst J. Zhang expects that the company will post earnings per share of $0.21 for the year.
Other equities analysts have also recently issued reports about the company. Canaccord Genuity lifted their price objective on Precision Drilling from C$4.50 to C$4.75 in a report on Tuesday, February 6th. TD Securities lifted their price objective on Precision Drilling from C$6.00 to C$7.00 in a report on Tuesday, January 30th. GMP Securities lifted their price target on Precision Drilling from C$5.75 to C$6.50 in a research note on Thursday, January 18th. Citigroup decreased their price target on Precision Drilling from C$4.25 to C$4.00 in a research note on Friday, November 17th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a C$6.00 price target on shares of Precision Drilling in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Precision Drilling has a consensus rating of “Buy” and an average price target of C$5.58.
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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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