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Precision Drilling (PDS) Got Some Good News


According to The Fly, canaccord Genuity analyst John Bereznicki upgraded Precision Drilling (PDS) to Buy yesterday. The company’s shares closed yesterday at $2.63.

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, Trinidad Drilling, and Gibson Energy Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Precision Drilling with a $4.30 average price target, a 63.5% upside from current levels. In a report issued on October 30, Raymond James also maintained a Buy rating on the stock.

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The company has a one-year high of $4.14 and a one-year low of $2.31. Currently, Precision Drilling has an average volume of 1.38M.

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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.