Precision Drill (PD), the Materials sector company, was revisited by a Wall Street analyst today. Analyst Andrew Bradford from Raymond James reiterated a Buy rating, with a C$5 price target.
According to TipRanks.com, Bradford ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -15.7% and a 31.3% success rate. Bradford covers the Basic Materials sector, focusing on stocks such as Essential Energy Services Ltd, Trican Well Service Ltd, and Precision Drilling.
Precision Drill has an analyst consensus of Moderate Buy, with a price target consensus of C$4.37, representing a 48.6% upside. In a report issued on January 7, TD Securities also reiterated a Buy rating on the stock with a C$5 price target.
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The company has a one-year high of C$5.33 and a one-year low of C$2.25. 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 Tuesday at C$2.94.
