Precision Drilling Co. (PD) PT Lowered to C$3.75 at Canaccord Genuity

Precision Drilling Co. (TSE:PD) (NYSE:PDS) had its price target reduced by Canaccord Genuity from C$4.25 to C$3.75 in a research report report published on Monday morning.

Other analysts have also recently issued research reports about the company. CIBC increased their price objective on Precision Drilling from C$8.00 to C$11.00 in a report on Thursday, July 20th. BMO Capital Markets dropped their price objective on Precision Drilling from C$9.00 to C$6.00 and set an outperform rating on the stock in a report on Tuesday, August 1st. Raymond James Financial, Inc. dropped their price objective on Precision Drilling from C$6.50 to C$5.75 and set a speculative buy rating on the stock in a report on Tuesday, August 22nd. Royal Bank Of Canada dropped their price objective on Precision Drilling from C$7.00 to C$6.00 and set an outperform rating on the stock in a report on Friday, October 6th. Finally, TD Securities reissued a buy rating and set a C$6.00 price objective on shares of Precision Drilling in a report on Tuesday, September 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of C$6.25.

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In other Precision Drilling news, Director Steven Wayne Krablin bought 10,000 shares of the firm’s stock in a transaction on Friday, August 18th. The shares were acquired at an average cost of C$2.63 per share, for a total transaction of C$26,300.00.

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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