Precision Drilling Co. (PD) Given Average Rating of “Buy” by Brokerages
Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$5.58.
A number of equities analysts have weighed in on the stock. Canaccord Genuity dropped their price target on shares of Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. BMO Capital Markets reiterated an “outperform” rating and issued a C$6.00 price target on shares of Precision Drilling in a research report on Monday, October 30th. TD Securities reiterated a “buy” rating and issued a C$6.00 price target on shares of Precision Drilling in a research report on Tuesday, September 12th. Deutsche Bank reiterated a “hold” rating and issued a C$4.00 price target on shares of Precision Drilling in a research report on Tuesday, October 10th. Finally, Royal Bank of Canada dropped their price target on shares of Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, October 6th.
Shares of Precision Drilling (PD) traded up C$0.04 during midday trading on Tuesday, reaching C$4.18. 2,737,772 shares of the company traded hands, compared to its average volume of 2,955,087. The company has a market capitalization of $1,240.00, a price-to-earnings ratio of -10.72 and a beta of 1.43. Precision Drilling has a 12 month low of C$2.89 and a 12 month high of C$7.94.
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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