Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given a consensus recommendation of “Buy” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$8.05.
PD has been the topic of a number of recent research reports. Canaccord Genuity cut their target price on shares of Precision Drilling from C$6.50 to C$4.75 in a report on Tuesday, July 11th. CIBC raised their target price on shares of Precision Drilling from C$8.00 to C$11.00 in a report on Thursday, July 20th. BMO Capital Markets cut their target price on shares of Precision Drilling from C$9.00 to C$6.00 and set an “outperform” rating on the stock in a report on Tuesday, August 1st. Finally, Raymond James Financial, Inc. cut their target price 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.
WARNING: This piece of content was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/09/18/precision-drilling-co-pd-given-average-recommendation-of-buy-by-analysts.html.
In other Precision Drilling news, Director Steven Wayne Krablin purchased 10,000 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were bought at an average price of C$2.63 per share, with a total value of C$26,300.00. Also, Director Brian James Gibson purchased 35,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average cost of C$3.58 per share, for a total transaction of C$125,300.00. In the last ninety days, insiders have bought 55,000 shares of company stock worth $182,900.
Shares of Precision Drilling (PD) traded up 4.08% during trading on Wednesday, reaching $3.32. The company had a trading volume of 1,611,791 shares. Precision Drilling has a 52-week low of $3.01 and a 52-week high of $8.21. The stock has a 50 day moving average of $3.48 and a 200 day moving average of $4.89. The stock’s market capitalization is $973.55 million.
About Precision Drilling
Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
Receive News & Ratings for Precision Drilling Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling Co. and related companies with MarketBeat.com's FREE daily email newsletter.