Precision Drilling Co. (PD) Shares Up 0.9%

Precision Drilling Co. (TSE:PD) (NYSE:PDS) shot up 0.9% during trading on Thursday . The stock traded as high as C$3.43 and last traded at C$3.33. 2,244,351 shares changed hands during trading, an increase of 16% from the average session volume of 1,931,292 shares. The stock had previously closed at C$3.30.

Several brokerages have commented on PD. Canaccord Genuity decreased their target price on shares of Precision Drilling from C$4.75 to C$4.25 in a research report on Wednesday, August 2nd. BMO Capital Markets decreased their target price on shares of Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 1st. Citigroup Inc. decreased their target price on shares of Precision Drilling from C$4.25 to C$4.00 in a research report on Friday, November 17th. Raymond James Financial, Inc. decreased their target price on shares of Precision Drilling from C$6.50 to C$5.75 and set a “speculative buy” rating on the stock in a research report on Tuesday, August 22nd. Finally, Royal Bank Of Canada decreased their target price on shares of Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$6.23.

In other Precision Drilling news, Director Kevin A. Neveu acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The shares were acquired at an average cost of C$3.13 per share, for a total transaction of C$31,300.00.

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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.

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