CIBC Raises Precision Drilling Co. (TSE:PD) Price Target to C$11.00
Several other analysts have also issued reports on the company. Raymond James Financial, Inc. reduced their target price on Precision Drilling from C$7.40 to C$7.20 and set an outperform rating on the stock in a report on Wednesday, April 26th. BMO Capital Markets reissued an outperform rating and set a C$9.00 target price on shares of Precision Drilling in a report on Tuesday, April 25th. Scotiabank reissued a sector perform rating and set a C$8.00 target price on shares of Precision Drilling in a report on Tuesday, April 25th. Finally, Canaccord Genuity reduced their target price on Precision Drilling from C$6.50 to C$4.75 in a report on Tuesday, July 11th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of C$8.50.
Shares of Precision Drilling (TSE:PD) traded down 4.50% on Thursday, hitting $3.82. The company’s stock had a trading volume of 820,832 shares. The firm’s market cap is $1.12 billion. The stock’s 50-day moving average price is $4.32 and its 200-day moving average price is $5.88. Precision Drilling has a 52 week low of $3.66 and a 52 week high of $8.21.
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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