Scotiabank Downgrades Precision Drill (PD) to Sell

By Carrie Williams

On November 29, an analyst has provided a rating update for the Materials sector company, Precision Drill (PDResearch Report). Analyst Vladislav Vlad from Scotiabank rated Precision Drill (PDResearch Report) a Sell on November 29, setting a C$3 price target.

Vlad has an average return of 6.9% when recommending Precision Drill.

According to TipRanks.com, Vlad is ranked #1882 out of 5131 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Precision Drill with a C$5.56 average price target.

Precision Drill’s market cap is currently C$904.8M and has a P/E ratio of 0. The company has a Price to Book ratio of 0.52.

Precision Drilling Corp. provides onshore drilling, completion, and production services to the oil and natural gas industry. It operates through the Contract Drilling Services; and Completion and Production Services segments. The Contract Drilling Services segment includes drilling rig, directional drilling, oilfield supply, and manufacturing divisions.

The company’s shares closed on Friday at C$3.05, close to its 52-week low of C$2.94.