Precision Drill (TSX: PD), the Materials sector company, has received a rating update from a Wall Street analyst on October 25. Analyst Vladislav Vlad from Scotiabank rated Precision Drill (TSX: PD) a Hold on October 25, setting a C$5.50 price target.
Vlad has an average return of 6.6% when recommending Precision Drill.
According to TipRanks.com, Vlad is ranked #1236 out of 4874 analysts.
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Currently, the analyst consensus on Precision Drill is a Moderate Buy with an average price target of C$5.50, representing a 77.4% upside. In a report issued on October 16, Canaccord Genuity also maintained a Hold rating on the stock with a C$4.75 price target.
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Based on Precision Drill’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of C$30.65 million. In comparison, last year the company had a GAAP net loss of C$26.29 million.
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 Monday at C$3.10, close to its 52-week low of C$3.09.
