Precision Drilling Co. (TSE:PD) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, October 21st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.
Precision Drilling Co. (TSE:PD) opened at 5.94 on Wednesday. The stock’s market capitalization is $1.74 billion. The stock has a 50 day moving average price of $5.43 and a 200-day moving average price of $5.92. Precision Drilling Co. has a 12-month low of $3.41 and a 12-month high of $7.71.
A number of brokerages recently issued reports on PD. Scotiabank lifted their target price on Precision Drilling from C$3.50 to C$6.00 and gave the stock an “underperform” rating in a report on Tuesday, July 19th. TD Securities decreased their target price on Precision Drilling from C$9.50 to C$8.50 and set a “buy” rating on the stock in a report on Friday, July 22nd. Royal Bank Of Canada restated an “outperform” rating and issued a C$8.00 target price on shares of Precision Drilling in a report on Friday, July 22nd. Deutsche Bank AG decreased their target price on Precision Drilling from C$6.00 to C$5.00 in a report on Friday, July 22nd. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Precision Drilling in a report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$6.62.
Precision Drilling Company Profile
Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services.
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