Today: Today, Tudor Pickering Upgraded Precision Drilling Corp. (PDS) to “Buy”

Today, Tudor Pickering Upgraded Precision Drilling Corp. (PDS) to “Buy”

Precision Drilling Corp. (NYSE:PDS) (TSE:PD) was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

Other analysts have also issued reports about the company. Jefferies Group upgraded Precision Drilling Corp. from an “underperform” rating to a “hold” rating and boosted their price target for the company from $4.00 to $4.50 in a report on Tuesday, September 6th. TD Securities reiterated a “buy” rating and set a $8.00 target price on shares of Precision Drilling Corp. in a report on Thursday, November 3rd. RBC Capital Markets reiterated an “outperform” rating and set a $8.00 target price on shares of Precision Drilling Corp. in a report on Monday, October 24th. Scotiabank upgraded Precision Drilling Corp. from an “underperform” rating to a “sector perform” rating in a report on Monday, October 24th. Finally, Zacks Investment Research upgraded Precision Drilling Corp. from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Thursday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $5.66.

Shares of Precision Drilling Corp. (NYSE:PDS) opened at 4.61 on Tuesday. Precision Drilling Corp. has a 12 month low of $2.43 and a 12 month high of $6.08. The company’s market cap is $1.35 billion. The firm has a 50 day moving average price of $4.62 and a 200-day moving average price of $4.57.

Several large investors have recently modified their holdings of PDS. Mackenzie Financial Corp bought a new stake in shares of Precision Drilling Corp. during the second quarter valued at about $87,718,000. 1832 Asset Management L.P. boosted its stake in shares of Precision Drilling Corp. by 130.1% in the third quarter. 1832 Asset Management L.P. now owns 22,016,410 shares of the company’s stock valued at $91,968,000 after buying an additional 12,446,668 shares during the period. Energy Opportunities Capital Management LLC boosted its stake in shares of Precision Drilling Corp. by 442.6% in the third quarter. Energy Opportunities Capital Management LLC now owns 1,708,413 shares of the company’s stock valued at $7,141,000 after buying an additional 1,393,557 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Precision Drilling Corp. during the second quarter valued at about $4,695,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Precision Drilling Corp. during the second quarter valued at about $4,017,000. Institutional investors and hedge funds own 72.65% of the company’s stock.

About Precision Drilling Corp.

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 international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services.

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Today: Today, Tudor Pickering Upgraded Precision Drilling Corp. (PDS) to “Buy”

Today, Tudor Pickering Upgraded Precision Drilling Corp. (PDS) to “Buy”

Precision Drilling Corp. (NYSE:PDS) (TSE:PD) was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

Other analysts have also issued reports about the company. Jefferies Group upgraded Precision Drilling Corp. from an “underperform” rating to a “hold” rating and boosted their price target for the company from $4.00 to $4.50 in a report on Tuesday, September 6th. TD Securities reiterated a “buy” rating and set a $8.00 target price on shares of Precision Drilling Corp. in a report on Thursday, November 3rd. RBC Capital Markets reiterated an “outperform” rating and set a $8.00 target price on shares of Precision Drilling Corp. in a report on Monday, October 24th. Scotiabank upgraded Precision Drilling Corp. from an “underperform” rating to a “sector perform” rating in a report on Monday, October 24th. Finally, Zacks Investment Research upgraded Precision Drilling Corp. from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a report on Thursday, October 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $5.66.

Shares of Precision Drilling Corp. (NYSE:PDS) opened at 4.61 on Tuesday. Precision Drilling Corp. has a 12 month low of $2.43 and a 12 month high of $6.08. The company’s market cap is $1.35 billion. The firm has a 50 day moving average price of $4.62 and a 200-day moving average price of $4.57.

Several large investors have recently modified their holdings of PDS. Mackenzie Financial Corp bought a new stake in shares of Precision Drilling Corp. during the second quarter valued at about $87,718,000. 1832 Asset Management L.P. boosted its stake in shares of Precision Drilling Corp. by 130.1% in the third quarter. 1832 Asset Management L.P. now owns 22,016,410 shares of the company’s stock valued at $91,968,000 after buying an additional 12,446,668 shares during the period. Energy Opportunities Capital Management LLC boosted its stake in shares of Precision Drilling Corp. by 442.6% in the third quarter. Energy Opportunities Capital Management LLC now owns 1,708,413 shares of the company’s stock valued at $7,141,000 after buying an additional 1,393,557 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Precision Drilling Corp. during the second quarter valued at about $4,695,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Precision Drilling Corp. during the second quarter valued at about $4,017,000. Institutional investors and hedge funds own 72.65% of the company’s stock.

About Precision Drilling Corp.

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 international locations. It operates through two segments: Contract Drilling Services, and Completion and Production Services.

Related posts

Leave a Comment