In a new note to investors yesterday, an analyst has provided a rating update for the Materials sector company, Precision Drill (TSX: PD). The company received a Buy rating from RBC Capital’s analyst Kurt Hallead, with a C$7 price target.
According to TipRanks.com, Hallead is a 3-star analyst with an average return of 3.8% and a 44.8% success rate. Hallead covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Ncs Multistage Holdings Inc, and Baker Hughes a GE company.
Precision Drill has an analyst consensus of Moderate Buy, with a price target consensus of C$6.40.
The company has a one-year high of C$5.33 and a one-year low of C$2.89. Currently, Precision Drill has an average volume of 1.48M.
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 Friday at C$4.72.
