In a report released today, Jamie Kubik from CIBC maintained a Buy rating on Precision Drilling (PDS – Research Report), with a price target of C$130.00. The company’s shares opened today at $69.19.
According to TipRanks, Kubik is a 5-star analyst with an average return of 11.2% and a 52.65% success rate. Kubik covers the Energy sector, focusing on stocks such as Advantage Energy, Precision Drilling, and Paramount Resources.
Precision Drilling has an analyst consensus of Strong Buy, with a price target consensus of $91.65, implying a 32.46% upside from current levels. In a report released yesterday, BMO Capital also reiterated a Buy rating on the stock with a C$130.00 price target.
PDS market cap is currently $991.1M and has a P/E ratio of 4.45.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PDS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Precision Drilling (PDS) Company Description:
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 Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions. The Completion and Production Services segment involves snubbing, rental, camp and catering, and wastewater treatment divisions. The company was founded on March 25, 1985 and is headquartered in Calgary, Canada.
