Precision Drilling (PD) Price Target Raised to C$6.50

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target boosted by GMP Securities from C$5.75 to C$6.50 in a report released on Thursday.

Other research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of Precision Drilling from C$4.25 to C$4.00 in a research report on Friday, November 17th. Canaccord Genuity cut their target price on Precision Drilling from C$4.25 to C$3.75 in a research note on Monday, October 30th. CIBC cut their target price on Precision Drilling from C$8.00 to C$7.00 in a research note on Friday, October 20th. Deutsche Bank reaffirmed a hold rating and issued a C$4.00 target price on shares of Precision Drilling in a research note on Tuesday, October 10th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a C$6.00 target price on shares of Precision Drilling in a research note on Monday, October 30th. Two investment 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 company. The company has a consensus rating of Buy and an average price target of C$5.68.

Precision Drilling (TSE PD) opened at C$4.69 on Thursday. The firm has a market cap of $1,380.00, a P/E ratio of -12.03 and a beta of 1.43. Precision Drilling has a 52-week low of C$2.89 and a 52-week high of C$7.94.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Friday, October 27th. The company reported C($0.09) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.12) by C$0.03. Precision Drilling had a negative net margin of 8.36% and a negative return on equity of 5.62%.

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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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