Precision Drilling Co. (TSE:PD) (NYSE:PDS) had its price objective decreased by investment analysts at Canaccord Genuity from C$4.75 to C$4.25 in a research note issued to investors on Wednesday, August 2nd. Canaccord Genuity’s price objective would suggest a potential upside of 13.33% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. CIBC boosted their price target on shares of Precision Drilling from C$8.00 to C$11.00 in a research report on Thursday, July 20th. Raymond James Financial, Inc. reiterated a “market perform” rating and set a C$7.40 price objective on shares of Precision Drilling in a research report on Tuesday, April 25th. BMO Capital Markets cut their price objective 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. Finally, Scotiabank reissued a “sector perform” rating and set a C$8.00 target price on shares of Precision Drilling in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$8.18.

Shares of Precision Drilling (TSE:PD) remained flat at $3.75 during mid-day trading on Wednesday. 2,726,963 shares of the company’s stock traded hands. The stock’s market cap is $1.10 billion. Precision Drilling has a one year low of $3.57 and a one year high of $8.21. The stock’s 50 day moving average is $3.95 and its 200-day moving average is $5.47.

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In related news, Director Brian James Gibson acquired 35,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average price of C$3.58 per share, for a total transaction of C$125,300.00.

About Precision Drilling

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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