Raymond James Financial Raises Precision Drilling (PD) Price Target to C$5.75

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price raised by Raymond James Financial from C$5.50 to C$5.75 in a research report released on Tuesday morning. The firm currently has a strong-buy rating on the stock.

Several other equities analysts have also commented on PD. Canaccord Genuity upped their price objective on shares of Precision Drilling from C$4.50 to C$4.75 in a report on Tuesday, February 6th. Citigroup upped their price objective on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Wednesday, November 1st. TD Securities upped their price objective on shares of Precision Drilling from C$6.00 to C$7.00 in a report on Tuesday, January 30th. GMP Securities upped their price objective on shares of Precision Drilling from C$5.75 to C$6.50 in a report on Thursday, January 18th. Finally, BMO Capital Markets restated an outperform rating and issued a C$6.00 price objective on shares of Precision Drilling in a report on Monday, October 30th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of C$5.90.

Precision Drilling (PD) opened at C$4.22 on Tuesday. Precision Drilling has a fifty-two week low of C$2.89 and a fifty-two week high of C$7.47. The company has a market cap of $1,240.00, a P/E ratio of -10.82 and a beta of 1.49.

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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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