Precision Drill (PD), the Materials sector company, was revisited by a Wall Street analyst today. The company received a Buy rating from TD Securities’ analyst Aaron Macneil, with a C$6 price target.
According to TipRanks.com, Macneil is ranked #4895 out of 5127 analysts.
Precision Drill has an analyst consensus of Strong Buy, with a price target consensus of C$5.98, implying a 97.4% upside from current levels. In a report issued on November 21, Canaccord Genuity also reiterated a Buy rating on the stock with a C$4.50 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 1.6M.
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 Thursday at C$3.03, equals to its 52-week low of C$3.03.
