A number of other research analysts also recently commented on PD. Canaccord Genuity dropped their target price on shares of Precision Drilling from C$6.50 to C$4.75 in a research report on Tuesday, July 11th. CIBC increased their target price on shares of Precision Drilling from C$8.00 to C$11.00 in a research report on Thursday, July 20th. BMO Capital Markets dropped 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 research report on Tuesday, August 1st. Raymond James Financial, Inc. dropped 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 research report on Tuesday, August 22nd. Finally, TD Securities reaffirmed a buy rating and issued a C$6.00 target price on shares of Precision Drilling in a research report on Tuesday, September 12th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Precision Drilling has a consensus rating of Hold and a consensus price target of C$6.23.
Precision Drilling (TSE:PD) traded down C$0.08 during midday trading on Wednesday, hitting C$3.39. 1,242,161 shares of the company were exchanged, compared to its average volume of 1,926,944. Precision Drilling has a 1 year low of C$2.89 and a 1 year high of C$8.21.
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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.
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