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CIBC Sticks to Its Buy Rating for Precision Drilling (PDS)

Tipranks - Tipranks - Wed Mar 25, 12:08PM CDT

CIBC analyst Jamie Kubik maintained a Buy rating on Precision Drilling today and set a price target of C$150.00.

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According to TipRanks, Kubik is a 5-star analyst with an average return of 15.3% and a 56.28% success rate. Kubik covers the Energy sector, focusing on stocks such as Precision Drilling, Tourmaline Oil, and Paramount Resources.

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

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PDS market cap is currently C$1.78B and has a P/E ratio of 712.96.

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.

Read More on PDS:

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