Precision Drilling (TSE:PD) (NYSE:PDS) had its target price lowered by stock analysts at Raymond James Financial from C$5.75 to C$5.50 in a research note issued on Tuesday, December 5th. The brokerage currently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 69.23% from the company’s current price.
Other analysts have also issued research reports about the company. Citigroup increased their price objective on Precision Drilling from C$4.00 to C$4.25 in a research note on Wednesday, November 1st. Canaccord Genuity decreased their price objective on Precision Drilling from C$4.25 to C$3.75 in a report on Monday, October 30th. BMO Capital Markets restated an “outperform” rating and set a C$6.00 price target on shares of Precision Drilling in a report on Monday, October 30th. Royal Bank of Canada reduced their price target on Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating for the company in a report on Friday, October 6th. Finally, Deutsche Bank reiterated a “hold” rating and issued a C$4.00 price objective on shares of Precision Drilling in a report on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Precision Drilling has a consensus rating of “Buy” and a consensus target price of C$6.20.
Precision Drilling (TSE PD) opened at C$3.25 on Tuesday. Precision Drilling has a 52-week low of C$2.89 and a 52-week high of C$8.11.
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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.
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