Precision Drilling (PDS) Gets a Buy from ATB Cormark Capital Markets

In a report released today, Tim Monachello from ATB Cormark Capital Markets maintained a Buy rating on Precision Drilling, with a price target of C$160.00.

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Monachello covers the Energy sector, focusing on stocks such as Precision Drilling, Enerflex, and North American Construction Group. According to TipRanks, Monachello has an average return of -33.3% and a 10.61% success rate on recommended stocks.

In addition to ATB Cormark Capital Markets, Precision Drilling also received a Buy from RBC Capital’s Keith Mackey in a report issued yesterday. However, on March 13, TipRanks – OpenAI reiterated a Hold rating on Precision Drilling (NYSE: PDS).

Based on Precision Drilling’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$478.51 million and a GAAP net loss of C$42.18 million. In comparison, last year the company earned a revenue of C$468.17 million and had a net profit of C$14.8 million

Based on the recent corporate insider activity of 68 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.