Precision Drilling (PDS) Receives a Hold from Canaccord Genuity


According to The Fly, in a report released today, John Bereznicki from Canaccord Genuity maintained a Hold rating on Precision Drilling (NYSE: PDS). The company’s shares opened today at $3.08.

According to TipRanks.com, Bereznicki is a 4-star analyst with an average return of 4.9% and a 46.3% success rate. Bereznicki covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Trinidad Drilling, and Gibson Energy Inc.

Precision Drilling has an analyst consensus of Moderate Buy, with a price target consensus of $5.25.

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Based on Precision Drilling’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $36.57 million. In comparison, last year the company had a GAAP net loss of $20.97 million.

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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.

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