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Analysts Offer Insights on Energy Companies: Precision Drilling (PDS) and California Resources Corp (CRC)

Tipranks - Sat Apr 11, 6:34AM CDT

There’s a lot to be optimistic about in the Energy sector as 2 analysts just weighed in on Precision Drilling (PDS) and California Resources Corp (CRC) with bullish sentiments.

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Precision Drilling (PDS)

Piper Sandler analyst Derek Podhaizer maintained a Buy rating on Precision Drilling today and set a price target of $105.00. The company’s shares closed last Thursday at $92.61.

According to TipRanks.com, Podhaizer is a 5-star analyst with an average return of 16.7% and a 64.6% success rate. Podhaizer covers the NA sector, focusing on stocks such as Solaris Energy Infrastructure, Flowco Holdings Inc Class A, and Weatherford International. ;'>

Precision Drilling has an analyst consensus of Strong Buy, with a price target consensus of $105.47, representing a 12.7% upside. In a report issued on March 27, Raymond James also maintained a Buy rating on the stock with a C$158.00 price target.

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California Resources Corp (CRC)

In a report released yesterday, Scott Hanold from RBC Capital maintained a Buy rating on California Resources Corp, with a price target of $87.00. The company’s shares closed last Thursday at $66.00.

Hanold has an average return of 8.6% when recommending California Resources Corp. ;'>

According to TipRanks.com, Hanold is ranked #26 out of 12128 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for California Resources Corp with a $78.70 average price target, representing a 18.2% upside. In a report issued on March 25, J.P. Morgan also maintained a Buy rating on the stock with a $86.00 price target.

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