Royal Bank Of Canada restated their outperform rating on shares of Precision Drilling Co. (TSE:PD) in a research report released on Thursday morning, StockTargetPrices.com reports. The firm currently has a C$8.00 target price on the stock.
A number of other research analysts have also recently weighed in on the stock. CIBC restated a sector outperform rating and issued a C$7.50 price objective on shares of Precision Drilling in a report on Wednesday, August 24th. Scotiabank reiterated an underperform rating and set a C$6.00 price target on shares of Precision Drilling in a report on Monday, July 25th. TD Securities lowered their price target on shares of Precision Drilling from C$9.50 to C$8.50 and set a buy rating for the company in a report on Friday, July 22nd. 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, Evercore Partners Inc. boosted their price target on shares of Precision Drilling from C$7.00 to C$8.00 in a report on Wednesday, June 29th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of C$6.86.
Shares of Precision Drilling (TSE:PD) opened at 6.12 on Thursday. The firm’s market cap is $1.79 billion. The stock has a 50 day moving average of $5.34 and a 200-day moving average of $5.89. Precision Drilling has a 1-year low of $3.41 and a 1-year high of $7.71.
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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