Precision Drilling Co. (PD) Given Outperform Rating at BMO Capital Markets
Precision Drilling Co. (TSE:PD) (NYSE:PDS)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a research report issued on Monday. They currently have a C$6.00 price target on the stock. BMO Capital Markets’ price target indicates a potential upside of 61.73% from the stock’s previous close.
A number of other equities analysts have also commented on the stock. CIBC reduced their price target on shares of Precision Drilling from C$8.00 to C$7.00 in a research report on Friday, October 20th. Deutsche Bank AG restated a “hold” rating and issued a C$4.00 price target on shares of Precision Drilling in a research report on Tuesday, October 10th. Royal Bank Of Canada reduced their price target on shares of Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th. TD Securities restated a “buy” rating and issued a C$6.00 price target on shares of Precision Drilling in a research report on Tuesday, September 12th. Finally, Raymond James Financial, Inc. reduced their price target on shares of Precision Drilling from C$6.50 to C$5.75 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 22nd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$6.50.
Shares of Precision Drilling (TSE:PD) opened at 3.71 on Monday. The firm’s market cap is $1.09 billion. The firm has a 50 day moving average of $3.44 and a 200 day moving average of $4.13. Precision Drilling has a 52 week low of $2.89 and a 52 week high of $8.21.
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In related news, Director Steven Wayne Krablin bought 10,000 shares of Precision Drilling stock in a transaction dated Friday, August 18th. The shares were bought at an average cost of C$2.63 per share, for a total transaction 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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