Analysts Set Precision Drilling Co. (PD) Target Price at $8.50

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$8.50.

Several research firms have recently commented on PD. Scotiabank reissued a “sector perform” rating and issued a C$8.00 price target on shares of Precision Drilling in a research report on Tuesday, April 25th. Raymond James Financial, Inc. reissued a “market perform” rating and issued a C$7.40 price target on shares of Precision Drilling in a research report on Tuesday, April 25th. BMO Capital Markets reissued an “outperform” rating and issued a C$9.00 price target on shares of Precision Drilling in a research report on Tuesday, April 25th. CIBC boosted their price target on Precision Drilling from C$8.00 to C$11.00 in a research report on Thursday. Finally, Canaccord Genuity reduced their price target on Precision Drilling from C$6.50 to C$4.75 in a research report on Tuesday, July 11th.

Precision Drilling (TSE:PD) traded down 4.50% during midday trading on Tuesday, hitting $3.82. The stock had a trading volume of 820,832 shares. The stock’s market cap is $1.12 billion. The company’s 50 day moving average price is $4.32 and its 200-day moving average price is $5.88. Precision Drilling has a 52-week low of $3.68 and a 52-week high of $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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