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.
COPYRIGHT VIOLATION NOTICE: “Raymond James Financial Raises Precision Drilling (PD) Price Target to C$5.75” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/16/raymond-james-financial-raises-precision-drilling-pd-price-target-to-c5-75.html.
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.
Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.