According to The Fly, in a report issued on October 25, Vladislav Vlad from Scotiabank upgraded Precision Drilling (NYSE: PDS) to Hold. The company’s shares closed yesterday at $2.37, close to its 52-week low of $2.34.
According to TipRanks.com, Vlad is ranked #1236 out of 4874 analysts.
Currently, the analyst consensus on Precision Drilling is a Moderate Buy with an average price target of $5.50, implying a 132.1% upside from current levels. In a report issued on October 16, Canaccord Genuity also maintained a Hold rating on the stock.
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The company has a one-year high of $4.14 and a one-year low of $2.34. Currently, Precision Drilling has an average volume of 1.42M.
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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.
