Precision Drilling (TSE:PD) (NYSE:PDS) had its price target lifted by Canaccord Genuity from C$4.50 to C$4.75 in a research note issued to investors on Tuesday, February 6th.
Other equities research analysts have also issued reports about the stock. GMP Securities boosted their price objective on shares of Precision Drilling from C$5.75 to C$6.50 in a research report on Thursday, January 18th. TD Securities boosted their price objective on shares of Precision Drilling from C$6.00 to C$7.00 in a research report on Tuesday, January 30th. Citigroup boosted their price objective on shares of Precision Drilling from C$4.00 to C$4.25 in a research report on Wednesday, November 1st. Raymond James Financial decreased their price objective on shares of 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, BMO Capital Markets reiterated an outperform rating and issued a C$6.00 price objective on shares of Precision Drilling in a research report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Precision Drilling has a consensus rating of Buy and an average price target of C$5.58.
Shares of Precision Drilling (TSE PD) traded up C$0.02 during midday trading on Tuesday, hitting C$3.96. 2,020,000 shares of the company’s stock traded hands, compared to its average volume of 3,530,000. The stock has a market cap of $1,160.00, a price-to-earnings ratio of -8.80 and a beta of 1.51. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$6.91.
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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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