Precision Drilling (PD) Trading Up 0.5%
Precision Drilling Co. (TSE:PD) (NYSE:PDS)’s share price was up 0.5% during mid-day trading on Thursday . The company traded as high as C$4.29 and last traded at C$4.20. Approximately 2,805,014 shares were traded during trading, a decline of 4% from the average daily volume of 2,933,648 shares. The stock had previously closed at C$4.18.
A number of equities analysts have recently issued reports on PD shares. Royal Bank of Canada lowered their target price on shares of Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating on the stock in a research report on Friday, October 6th. Deutsche Bank restated a “hold” rating and set a C$4.00 target price on shares of Precision Drilling in a research report on Tuesday, October 10th. CIBC lowered their price objective on shares of Precision Drilling from C$8.00 to C$7.00 in a research report on Friday, October 20th. BMO Capital Markets reiterated an “outperform” rating and issued a C$6.00 price objective on shares of Precision Drilling in a research report on Monday, October 30th. Finally, Canaccord Genuity lowered their price objective on shares of Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of C$5.58.
The firm has a market capitalization of $1,230.00, a PE ratio of -10.77 and a beta of 1.43.
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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