Precision Drilling Co. (PD) Receives C$5.58 Average PT from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned an average rating of “Buy” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$5.58.

A number of equities analysts recently commented on PD shares. Citigroup reduced their price objective on shares of Precision Drilling from C$4.25 to C$4.00 in a research note on Friday, November 17th. Canaccord Genuity reduced their price objective on shares of Precision Drilling from C$4.25 to C$3.75 in a research note on Monday, October 30th. CIBC reduced their price objective on shares of Precision Drilling from C$8.00 to C$7.00 in a research note on Friday, October 20th. Deutsche Bank reissued a “hold” rating and issued a C$4.00 price objective on shares of Precision Drilling in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a C$6.00 price objective on shares of Precision Drilling in a research note on Monday, October 30th.

Shares of Precision Drilling (PD) traded up C$0.14 during trading hours on Tuesday, reaching C$4.63. 5,356,707 shares of the company were exchanged, compared to its average volume of 3,552,058. The company has a market capitalization of $1,370.00, a P/E ratio of -11.87 and a beta of 1.43. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$7.94.

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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.

Analyst Recommendations for Precision Drilling (TSE:PD)

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