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Precision Drill (PD) Got Some Good News


In a new note to investors yesterday, an analyst has provided a rating update for Precision Drill (PD). Analyst John Bereznicki from Canaccord Genuity rated Precision Drill (PD) a Buy, setting a C$4.75 price target.

According to TipRanks.com, Bereznicki is a 4-star analyst with an average return of 4.7% and a 45.9% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Precision Drilling, and Trinidad Drilling.

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Precision Drill with a C$5.53 average price target, representing a 59.8% upside. In a report issued on October 30, Raymond James also maintained a Buy rating on the stock with a C$5.60 price target.

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The company has a one-year high of C$5.33 and a one-year low of C$3.03. Currently, Precision Drill has an average volume of 1.54M.

Precision Drilling Corp. provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas industry. It operates through the following business segments: Contract Drilling Services and Completion & Production Services.

The company’s shares closed on Thursday at C$3.46.