Precision Drilling (PD) Price Target Cut to C$5.50 by Analysts at Raymond James Financial

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

A number of other research analysts have also commented on PD. TD Securities reiterated a buy rating and issued a C$6.00 price objective on shares of Precision Drilling in a research report on Tuesday, September 12th. Royal Bank Of Canada decreased their price objective on Precision Drilling from C$7.00 to C$6.00 and set an outperform rating on the stock in a research report on Friday, October 6th. Deutsche Bank reiterated a hold rating and issued a C$4.00 price objective on shares of Precision Drilling in a research report on Tuesday, October 10th. CIBC reduced their price target on Precision Drilling from C$8.00 to C$7.00 in a research report on Friday, October 20th. Finally, BMO Capital Markets restated an outperform rating and issued a C$6.00 price target on shares of Precision Drilling in a research report on Monday, October 30th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of C$6.20.

Precision Drilling (TSE:PD) opened at C$3.56 on Tuesday. Precision Drilling has a 12-month low of C$2.89 and a 12-month high of C$8.21.

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Precision Drilling Company Profile

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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