According to The Fly, tD Securities analyst Aaron Macneil maintained a Buy rating on Precision Drilling (PDS) today. The company’s shares opened today at $2.41, close to its 52-week low of $2.21.
According to TipRanks.com, Macneil is ranked #4895 out of 5127 analysts.
Precision Drilling has an analyst consensus of Strong Buy, with a price target consensus of $4.53, which is an 88.0% upside from current levels. In a report issued on November 21, Canaccord Genuity also reiterated a Buy rating on the stock.
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Based on Precision Drilling’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $23.45 million. In comparison, last year the company had a GAAP net loss of $20.97 million.
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Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the Contract Drilling Services; and Completion and Production Services segments. The Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions.
