Precision Drilling (PD) Price Target Cut to C$5.50 by Analysts at Raymond James Financial

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective decreased by analysts at Raymond James Financial from C$5.75 to C$5.50 in a report issued on Tuesday. The firm currently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 50.27% from the stock’s previous close.

Several other research firms also recently issued reports on PD. Citigroup lifted their price objective on Precision Drilling from C$4.00 to C$4.25 in a report on Wednesday, November 1st. TD Securities reiterated a “buy” rating and issued a C$6.00 target price on shares of Precision Drilling in a research report on Tuesday, September 12th. BMO Capital Markets reiterated an “outperform” rating and issued a C$6.00 target price on shares of Precision Drilling in a research report on Monday, October 30th. Canaccord Genuity decreased their target price on Precision Drilling from C$4.25 to C$3.75 in a research report on Monday, October 30th. Finally, Royal Bank Of Canada decreased their target price on Precision Drilling from C$7.00 to C$6.00 and set an “outperform” rating for the company in a research report on Friday, October 6th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$6.20.

Precision Drilling (PD) traded down C$0.12 during mid-day trading on Tuesday, reaching C$3.66. The company’s stock had a trading volume of 3,698,950 shares, compared to its average volume of 2,015,580. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$8.21.

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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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