Analysts seem to be optimistic about Precision Drill (PD) lately, as another research firm gave the stock a Buy rating today. The Materials company, Precision Drill (TSX: PD) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Bradford is ranked #5168 out of 5231 analysts.
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Precision Drill has an analyst consensus of Strong Buy, with a price target consensus of C$4, representing a 128.6% upside. In a report issued on August 16, Canaccord Genuity also maintained a Buy rating on the stock with a C$2.75 price target.
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Based on Precision Drill’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$13.8 million. In comparison, last year the company had a GAAP net loss of C$47.22 million.
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 last Tuesday at C$1.64, close to its 52-week low of C$1.43.
