Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price target trimmed by TD from C$124.00 to C$116.00 in a research note issued to investors on Thursday,BayStreet.CA reports. They currently have a hold rating on the stock.
Other equities analysts have also recently issued reports about the company. National Bank Financial raised their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Royal Bank Of Canada upped their target price on Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Raymond James Financial increased their price target on shares of Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Canadian Imperial Bank of Commerce decreased their price target on shares of Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday. Finally, BMO Capital Markets upped their price objective on shares of Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Precision Drilling currently has an average rating of “Moderate Buy” and an average price target of C$148.00.
Precision Drilling Trading Up 2.2%
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share (EPS) for the quarter. Precision Drilling had a negative return on equity of 2.03% and a negative net margin of 1.71%.The firm had revenue of C$452.80 million for the quarter.
Precision Drilling Company Profile
Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.
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