A Wall Street analyst has provided a review for the Materials company on July 25, but retained the same rating on the stock. Analyst Jon Morrison from CIBC rated Precision Drill (PD) a Buy on July 25, setting a C$4.50 price target.
According to TipRanks.com, Morrison is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -17.6% and a 29.4% success rate. Morrison covers the Basic Materials sector, focusing on stocks such as Trican Well Service Ltd, Cenovus Energy Inc, and Precision Drilling.
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Precision Drill has an analyst consensus of Strong Buy, with a price target consensus of C$4.25, implying a 100.5% upside from current levels. In a report issued on July 12, Morgan Stanley also maintained a Buy rating on the stock.
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Precision Drill’s market cap is currently C$622.7M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.40.
Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the following segments: Contract Drilling Services; and Completion and Production Services.
The company’s shares closed on Monday at C$2.12, close to its 52-week low of C$2.07.
