Precision Drilling Co. (PD) Given New C$5.75 Price Target at Raymond James Financial, Inc.
Precision Drilling Co. (TSE:PD) (NYSE:PDS) had its target price cut by Raymond James Financial, Inc. from C$6.50 to C$5.75 in a research report released on Tuesday morning. They currently have a speculative buy rating on the stock.
Several other research firms also recently commented on PD. Scotiabank reiterated a sector perform rating and issued a C$8.00 target price on shares of Precision Drilling in a research report on Tuesday, April 25th. BMO Capital Markets reiterated an outperform rating and issued a C$9.00 target price on shares of Precision Drilling in a research report on Tuesday, April 25th. CIBC increased their target price on Precision Drilling from C$8.00 to C$11.00 in a research report on Thursday, July 20th. Finally, Canaccord Genuity dropped their target price on Precision Drilling from C$6.50 to C$4.75 in a research report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Precision Drilling has an average rating of Buy and an average price target of C$8.05.
Shares of Precision Drilling (TSE:PD) opened at 3.26 on Tuesday. The firm’s 50-day moving average price is $3.78 and its 200 day moving average price is $5.26. The company’s market capitalization is $955.96 million. Precision Drilling has a one year low of $3.22 and a one year high of $8.21.
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In related news, Director Brian James Gibson acquired 35,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was bought at an average cost of C$3.58 per share, for a total transaction of C$125,300.00. Also, Director Steven Wayne Krablin acquired 10,000 shares of the stock in a transaction dated Friday, August 18th. The shares were bought at an average price of C$2.63 per share, with a total value of C$26,300.00.
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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