Precision Drilling Co. (TSE:PD) (NYSE:PDS) – Cormark issued their FY2019 EPS estimates for shares of Precision Drilling in a research note issued on Friday. Cormark analyst J. Zhang forecasts that the company will post earnings of $0.21 per share for the year.
Several other equities analysts also recently issued reports on PD. BMO Capital Markets reissued an “outperform” rating and set a C$6.00 price target on shares of Precision Drilling in a report on Monday, October 30th. Canaccord Genuity reduced their price target on shares of Precision Drilling from C$4.25 to C$3.75 in a report on Monday, October 30th. Citigroup boosted their price target on shares of Precision Drilling from C$4.00 to C$4.25 in a report on Wednesday, November 1st. Raymond James Financial reduced their price target on shares of Precision Drilling from C$5.75 to C$5.50 and set a “strong-buy” rating for the company in a report on Tuesday, December 5th. Finally, GMP Securities boosted their price target on shares of Precision Drilling from C$5.75 to C$6.50 in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$5.58.
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Precision Drilling Company Profile
Precision Drilling Corporation (Precision) is an oilfield services company. The Company provides onshore drilling and completion and production services to exploration and production companies in the oil and natural gas industry. The Company operates through two segments: Contract Drilling Services, and Completion and Production Services.
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