BMO Capital Markets restated their outperform rating on shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) in a research note released on Monday morning. BMO Capital Markets currently has a C$6.00 price target on the stock.
Other equities research analysts have also issued research reports about the stock. Canaccord Genuity lowered their price target on shares of Precision Drilling from C$4.75 to C$4.25 in a report on Wednesday, August 2nd. CIBC boosted their price target on shares of Precision Drilling from C$8.00 to C$11.00 in a report on Thursday, July 20th. Royal Bank Of Canada lowered their price target on shares of Precision Drilling from C$7.00 to C$6.00 and set an outperform rating on the stock in a report on Friday, October 6th. Raymond James Financial, Inc. lowered their price target on shares of Precision Drilling from C$6.50 to C$5.75 and set a speculative buy rating on the stock in a report on Tuesday, August 22nd. Finally, Deutsche Bank AG reissued a hold rating and issued a C$4.00 price target on shares of Precision Drilling in a report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of C$6.25.
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In other news, Director Kevin A. Neveu bought 10,000 shares of the stock in a transaction dated Monday, August 28th. The shares were acquired at an average price of C$3.13 per share, with a total value of C$31,300.00.
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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