Precision Drilling (PD) Price Target Raised to C$7.50

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by GMP Securities from C$7.00 to C$7.50 in a research report released on Tuesday morning.

PD has been the topic of a number of other research reports. TD Securities lowered Precision Drilling from an action list buy rating to a buy rating and raised their price objective for the stock from C$7.00 to C$7.50 in a research note on Wednesday, September 5th. Cormark lifted their price target on Precision Drilling from C$5.50 to C$6.00 in a research note on Friday, July 27th. Raymond James lifted their price target on Precision Drilling from C$5.75 to C$7.25 and gave the company a strong-buy rating in a research note on Tuesday, July 10th. Finally, Canaccord Genuity lifted their price target on Precision Drilling from C$5.00 to C$5.25 in a research note on Tuesday, July 10th.

Precision Drilling stock opened at C$4.06 on Tuesday. Precision Drilling has a one year low of C$2.89 and a one year high of C$5.33.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings data on Thursday, July 26th. The company reported C($0.16) EPS for the quarter, missing the Zacks’ consensus estimate of C($0.14) by C($0.02). Precision Drilling had a negative return on equity of 10.28% and a negative net margin of 13.54%. The company had revenue of C$330.72 million for the quarter, compared to the consensus estimate of C$321.63 million.

Precision Drilling Company Profile

Precision Drilling Corporation provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

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