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Precision Drilling (PDS) Receives a Rating Update from a Top Analyst

Tipranks - Tipranks - Wed Apr 15, 5:58PM CDT

In a report released today, Keith Mackey from RBC Capital maintained a Buy rating on Precision Drilling, with a price target of C$150.00.

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Mackey covers the Energy sector, focusing on stocks such as Precision Drilling, Helmerich & Payne, and Nabors Industries. According to TipRanks, Mackey has an average return of 27.1% and a 66.67% success rate on recommended stocks.

In a report released on April 10, Piper Sandler also maintained a Buy rating on the stock with a $105.00 price target.

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PDS market cap is currently C$1.65B and has a P/E ratio of -7.62.

Based on the recent corporate insider activity of 72 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.

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