In a latest note to investors, a research analyst has provided a rating update for the Materials sector company, Precision Drill (PD). On November 28, analyst Ian Gillies gave a Buy rating to PD and set a C$7.50 price target.
According to TipRanks.com, Gillies is ranked 0 out of 5 stars with an average return of -10.3% and a 32.0% success rate. Gillies covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Inter Pipeline Ltd.
Precision Drill has an analyst consensus of Strong Buy, with a price target consensus of C$5.48, implying a 79.7% upside from current levels. In a report issued on November 29, TD Securities also maintained a Buy rating on the stock with a C$6 price target.
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The company has a one-year high of C$5.33 and a one-year low of C$2.92. Currently, Precision Drill has an average volume of 1.62M.
Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the Contract Drilling Services; and Completion and Production Services segments. The Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions.
The company’s shares closed on Friday at C$3.05, close to its 52-week low of C$2.92.
