Raymond James Thinks Precision Drill’s Stock is Going to Recover


In a new note to investors today, an analyst has provided a rating update for Precision Drill (TSX: PD). Analyst Andrew Bradford from Raymond James reiterated a Buy rating, with a C$5.60 price target.

According to TipRanks.com, Bradford is ranked #4306 out of 4873 analysts.

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Precision Drill has an analyst consensus of Moderate Buy, with a price target consensus of C$5.53, which is a 72.8% upside from current levels. In a report issued on October 15, CIBC also reiterated a Buy rating on the stock with a C$6.25 price target.

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The company has a one-year high of C$5.33 and a one-year low of C$3.09. Currently, Precision Drill has an average volume of 1.55M.

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.

The company’s shares closed on Tuesday at C$3.20, close to its 52-week low of C$3.09.

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