Precision Drilling (PD) PT Lowered to C$4.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective lowered by analysts at Citigroup from C$4.25 to C$4.00 in a report issued on Friday, November 17th. Citigroup’s target price indicates a potential upside of 18.69% from the stock’s current price.

A number of other equities research analysts also recently commented on PD. Canaccord Genuity decreased their target price on Precision Drilling from C$4.75 to C$4.25 in a research report on Wednesday, August 2nd. BMO Capital Markets decreased their price objective on Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 1st. Raymond James Financial decreased their price objective on 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. Royal Bank Of Canada cut their target price on Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research note on Friday, October 6th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a C$4.00 target price on shares of Precision Drilling in a research note on Tuesday, October 10th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Precision Drilling currently has a consensus rating of “Buy” and an average target price of C$6.20.

Precision Drilling (TSE:PD) traded down C$0.19 during trading hours on Friday, hitting C$3.37. The company had a trading volume of 3,836,862 shares, compared to its average volume of 2,024,823. Precision Drilling has a 12 month low of C$2.89 and a 12 month high of C$8.21.

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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.

Analyst Recommendations for Precision Drilling (TSE:PD)

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