Canaccord Genuity Cuts Precision Drilling (TSE:PD) Price Target to C$3.50
Precision Drilling (TSE:PD) (NYSE:PDS) had its price target decreased by Canaccord Genuity from C$3.75 to C$3.50 in a research report report published on Tuesday, BayStreet.CA reports.
Other equities research analysts have also recently issued research reports about the stock. National Bank Financial restated an outperform spec overweight rating on shares of Integra Resources in a research note on Thursday, April 25th. Evercore ISI raised their target price on shares of Precision Drilling from C$4.00 to C$5.00 in a research note on Friday, April 26th. AltaCorp Capital restated a sector perform rating on shares of STEP Energy Services in a research note on Thursday, June 20th. Citigroup set a $86.00 target price on shares of Prologis and gave the stock a buy rating in a research note on Thursday, June 6th. Finally, BMO Capital Markets set a $32.00 target price on shares of Axalta Coating Systems and gave the stock a hold rating in a research note on Friday, April 26th. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of C$5.00.
TSE PD opened at C$2.42 on Tuesday. Precision Drilling has a 12 month low of C$2.20 and a 12 month high of C$5.33. The company has a market cap of $719.77 million and a PE ratio of -2.82. The business’s 50 day moving average price is C$2.43. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.86 and a current ratio of 2.11.
Precision Drilling Company Profile
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
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