Analysts Set Precision Drilling Co. (PD) Target Price at $5.78

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$5.88.

Several brokerages recently issued reports on PD. Canaccord Genuity lifted their target price on Precision Drilling from C$4.50 to C$4.75 in a research note on Tuesday. Raymond James Financial decreased their target price on Precision Drilling from C$5.75 to C$5.50 and set a “strong-buy” rating on the stock in a research note on Tuesday, December 5th. Citigroup decreased their target price on Precision Drilling from C$4.25 to C$4.00 in a research note on Friday, November 17th. CIBC decreased their target price on Precision Drilling from C$8.00 to C$7.00 in a research note on Friday, October 20th. Finally, GMP Securities lifted their target price on Precision Drilling from C$5.75 to C$6.50 in a research note on Thursday, January 18th.

Shares of Precision Drilling (TSE PD) traded up C$0.03 on Friday, reaching C$4.41. The company had a trading volume of 2,147,691 shares, compared to its average volume of 3,597,357. The company has a market cap of $1,300.00, a P/E ratio of -11.33 and a beta of 1.49. Precision Drilling has a 52 week low of C$2.89 and a 52 week high of C$7.69.

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About Precision Drilling

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.

Analyst Recommendations for Precision Drilling (TSE:PD)

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