Precision Drilling (PD) PT Lowered to C$5.50
Precision Drilling (TSE:PD) (NYSE:PDS) had its target price lowered by analysts at Raymond James Financial from C$5.75 to C$5.50 in a report issued on Tuesday. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective suggests a potential upside of 50.27% from the company’s previous close.
Several other analysts have also recently commented on the company. Citigroup decreased their target price on Precision Drilling from C$4.25 to C$4.00 in a research report on Friday, November 17th. Canaccord Genuity reduced their price objective on Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. BMO Capital Markets reissued an “outperform” rating and set a C$6.00 price objective on shares of Precision Drilling in a research report on Monday, October 30th. CIBC reduced their price objective on Precision Drilling from C$8.00 to C$7.00 in a research report on Friday, October 20th. Finally, Deutsche Bank reissued a “hold” rating and set a C$4.00 price objective on shares of Precision Drilling in a research report on Tuesday, October 10th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$6.20.
Shares of Precision Drilling (TSE PD) traded down C$0.12 during trading on Tuesday, hitting C$3.66. The stock had a trading volume of 3,698,950 shares, compared to its average volume of 2,015,580. Precision Drilling has a 1-year low of C$2.89 and a 1-year high of C$8.21.
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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