Precision Drilling Co. (TSE:PD) has received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$6.62.
PD has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$8.00 price objective on shares of Precision Drilling in a research report on Tuesday, September 6th. Deutsche Bank AG lowered their price objective on Precision Drilling from C$6.00 to C$5.00 in a research report on Friday, July 22nd. Scotiabank reiterated an “underperform” rating and issued a C$6.00 price objective on shares of Precision Drilling in a research report on Monday, July 25th. AltaCorp Capital reiterated an “outperform” rating on shares of Precision Drilling in a research report on Wednesday, June 22nd. Finally, Evercore Partners Inc. lifted their price objective on Precision Drilling from C$7.00 to C$8.00 in a research report on Wednesday, June 29th.
Precision Drilling (TSE:PD) opened at 5.48 on Tuesday. Precision Drilling has a one year low of $3.41 and a one year high of $7.71. The stock has a 50 day moving average price of $5.35 and a 200-day moving average price of $5.89. The firm’s market cap is $1.61 billion.
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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