Precision Drilling Co. (TSE:PD) Given Average Rating of “Buy” by Brokerages
Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been assigned a consensus recommendation of “Buy” from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$8.50.
A number of brokerages recently commented on PD. 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. Raymond James Financial, Inc. dropped their target price on 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 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. Finally, 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.
Shares of Precision Drilling (PD) traded down 0.54% during mid-day trading on Tuesday, hitting $3.70. 823,754 shares of the stock were exchanged. The stock’s market cap is $1.08 billion. Precision Drilling has a 12 month low of $3.66 and a 12 month high of $8.21. The stock’s 50 day moving average is $4.78 and its 200-day moving average is $6.21.
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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