Shares of Precision Drilling Co. (TSE:PD) have been assigned an average rating of “Hold” from the fifteen research firms that are currently covering the stock. Two investment 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 target price among brokerages that have covered the stock in the last year is C$6.62.
PD has been the topic of several research reports. Royal Bank Of Canada upped their target price on Precision Drilling from C$6.50 to C$8.00 in a research report on Thursday, July 14th. Evercore Partners Inc. upped their price target on shares of Precision Drilling from C$7.00 to C$8.00 in a report on Wednesday, June 29th. Evercore ISI upped their price target on shares of Precision Drilling from C$7.00 to C$8.00 in a report on Wednesday, June 29th. Deutsche Bank AG lowered their price target on shares of Precision Drilling from C$6.00 to C$5.00 in a report on Friday, July 22nd. Finally, TD Securities lowered their price target on shares of 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.
Shares of Precision Drilling (TSE:PD) traded down 2.66% during midday trading on Tuesday, hitting $4.76. The stock had a trading volume of 828,048 shares. Precision Drilling has a 52-week low of $3.41 and a 52-week high of $7.71. The firm has a 50 day moving average price of $5.46 and a 200-day moving average price of $5.92. The stock’s market cap is $1.40 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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