Precision Drill (PD), the Materials sector company was revisited today, and remains undervalued for at least one analyst on the street. Analyst Andrew Bradford from Raymond James remains bullish on the stock and has a C$5.25 price target.
According to TipRanks.com, Bradford is ranked #5080 out of 5173 analysts.
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Precision Drill has an analyst consensus of Moderate Buy, with a price target consensus of C$4.46, an 85.1% upside from current levels. In a report issued on May 28, Canaccord Genuity also reiterated a Buy rating on the stock with a C$3.75 price target.
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Precision Drill’s market cap is currently C$725.6M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.48.
Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following segments: Contract Drilling Services; and Completion and Production Services.
The company’s shares closed on Wednesday at C$2.41, close to its 52-week low of C$2.25.
