Precision Drilling Co. (TSE:PD) (NYSE:PDS) had its price target lowered by analysts at Canaccord Genuity from C$6.50 to C$4.75 in a research note issued on Tuesday. Canaccord Genuity’s target price indicates a potential upside of 18.16% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Raymond James Financial, Inc. cut their target price on shares of Precision Drilling from C$7.40 to C$7.20 and set an “outperform” rating on the stock in a research report on Wednesday, April 26th. Scotiabank reissued a “sector perform” rating and set a C$8.00 target price on shares of Precision Drilling in a research report on Tuesday, April 25th. Finally, BMO Capital Markets reissued an “outperform” rating and set a C$9.00 target price on shares of Precision Drilling in a research report on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$8.50.

Precision Drilling (TSE PD) traded down 3.73% during midday trading on Tuesday, reaching $3.87. 2,187,648 shares of the company traded hands. The company has a 50 day moving average price of $4.78 and a 200-day moving average price of $6.21. The stock’s market capitalization is $1.13 billion. Precision Drilling has a one year low of $3.77 and a one year high of $8.21.

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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.

Analyst Recommendations for Precision Drilling (TSE:PD)

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