CIBC Cuts Precision Drilling Co. (PD) Price Target to C$9.00

CIBC Cuts Precision Drilling Co. (PD) Price Target to C$9.00

CIBC Cuts Precision Drilling Co. (PD) Price Target to C$9.00

Recently stock market analysts updated their outstanding price targets on shares of Precision Drilling Corporation (NYSE:PDS). In this case, The stock price has rallied 35.83% in the past 12 Weeks, but analyzing the 6 month charts for the stock, the price continues to stay positive and keep the rally at 30.05%.

Precision Drilling Corporation (NYSE:PDS) now has a consensus Price Target of $6.5. The Company provides contract drilling, well servicing and strategic support services to the oil and gas industry in North America and internationally. The Completion and Production Services segment includes service rigs and equipment rentals in Canada and the United States, and snubbing and coil tubing, camps and catering, and water systems in Canada.

In the last Quarter, Precision Drilling Corporation (NYSE:PDS) reported its Actual EPS of $-0.16/share.

PDS has been the topic of several other research reports. Citigroup Initiates Coverage On the company's stock to Neutral on 12/14/16 with no specific Price Target. TD Securities reaffirmed a buy rating and issued a C$9.50 price objective on shares of Precision Drilling in a research report on Wednesday, December 14th.

The 22 analysts offering 12-month price forecasts for Precision Drilling Corp have a median target of 6.83, with a high estimate of 9.00 and a low estimate of 3.25.

01/06/2017 - Precision Drilling Corporation was upgraded to " by analysts at Piper Jaffray.

Precision Drilling Corporation (NYSE:PDS) has tumbled 0.17% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 6.42% in the last four weeks.

1 analysts rated the stock of UDR, Inc.

Precision Drilling Corporation (NYSE:PDS) topped its 52-week high price of $6.25 on Dec 12, 2016 and 52-Week Low Price of $2.45 on Feb 11, 2016.

A number of analysts offered their Estimated Earnings analysis for Precision Drilling Corporation (NYSE:PDS) for the current quarter. The company had a trading volume of 164,977 shares.

10/24/2016 - Precision Drilling Corporation was upgraded to " by analysts at Scotiabank. The firm's market cap is $1.74 billion. LPL Financial LLC now owns 25,090 shares of the company's stock valued at $104,000 after buying an additional 892 shares during the last quarter. If you are reading this story on another publication, it was illegally stolen and reposted in violation of US & worldwide copyright laws.

09/06/2016 - Precision Drilling Corporation was upgraded to " by analysts at Jefferies.

Several hedge funds have recently modified their holdings of PDS. Energy Opportunities Capital Management LLC boosted its stake in Precision Drilling Corporation by 442.6% in the third quarter. The reported EPS for the same quarter a year ago was $0.2. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Precision Drilling Corporation by 7.2% in the third quarter.

The stock is now trading at a distance of -2.45% from SMA-20. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in shares of Precision Drilling Corporation by 37.2% in the third quarter. The stock gained a consensus recommendation of 2 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell.

05/31/2016 - Precision Drilling Corporation had its " rating reiterated by analysts at Raymond James. CIBC World Markets Inc. now owns 470,019 shares of the company's stock valued at $1,965,000 after buying an additional 76,612 shares during the period.

04/19/2016 - Precision Drilling Corporation had its "overweight" rating reiterated by analysts at Morgan Stanley.

Precision Drilling Corporation (Precision) provides contract drilling, and completion and production services primarily to oil and natural gas exploration and production companies in Canada, the United States and certain worldwide locations.

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