Precision Drilling Co. (PD) Given Outperform Rating at Royal Bank Of Canada
Royal Bank Of Canada reaffirmed their outperform rating on shares of Precision Drilling Co. (TSE:PD) in a research note published on Thursday morning, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$8.00 target price on the stock.
Other analysts also recently issued reports about the company. Scotiabank reiterated an underperform rating and set a C$6.00 target price on shares of Precision Drilling in a research report on Monday, July 25th. Evercore Partners Inc. upped their price objective on Precision Drilling from C$7.00 to C$8.00 in a research report on Wednesday, June 29th. Evercore ISI upped their price objective on Precision Drilling from C$7.00 to C$8.00 in a research report on Wednesday, June 29th. CIBC restated a sector outperform rating and set a C$7.50 price objective on shares of Precision Drilling in a research report on Wednesday, August 24th. Finally, AltaCorp Capital restated an outperform rating on shares of Precision Drilling in a research report on Wednesday, June 22nd. 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 has an average rating of Hold and an average price target of C$6.86.
Shares of Precision Drilling (TSE:PD) traded up 0.50% during mid-day trading on Thursday, reaching $5.98. The company had a trading volume of 1,469,062 shares. Precision Drilling has a 52-week low of $3.41 and a 52-week high of $7.71. The company’s market cap is $1.75 billion. The firm’s 50-day moving average price is $5.33 and its 200 day moving average price is $5.89.
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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