Precision Drilling (PDS) Receives a Buy from Freedom Capital Markets

Freedom Capital Markets analyst Sergey Pigarev initiated coverage with a Buy rating on Precision Drilling today and set a price target of $106.00. The company’s shares opened today at $57.18.

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According to TipRanks, Pigarev is a 2-star analyst with an average return of 2.5% and a 50.00% success rate. Pigarev covers the Energy sector, focusing on stocks such as Precision Drilling, Shell, and Expro Group Holdings.

Currently, the analyst consensus on Precision Drilling is a Strong Buy with an average price target of $75.04, implying a 31.23% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a C$110.00 price target.

The company has a one-year high of $67.35 and a one-year low of $36.20. Currently, Precision Drilling has an average volume of 80.78K.

Based on the recent corporate insider activity of 50 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.