Analyst Price Target is C$126.00
▲ +43.52% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for Precision Drilling in the last 3 months. The average price target is C$126.00, with a high forecast of C$142.00 and a low forecast of C$100.00. The average price target represents a 43.52% upside from the last price of C$87.79.
Current Consensus is
Buy
The current consensus among 9 polled investment analysts is to buy stock in Precision Drilling. This Buy consensus rating has held steady for over two years.
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the geothermal, oil and natural gas industry. This segment offers services include land and turnkey drilling; and procurement and distribution of oilfield supplies, as well as manufacture and repair of drilling and service rig equipment. In addition, it operates land drilling rigs in Canada, the United States, and the Middle East, as well as operates AlphaAutomation, AlphaApps, and AlphaAnalytics data services. The company offers EverGreen suite of environmental solutions comprising EverGreenMonitoring, EverGreenEnergy, and EverGreen Fuel Cell. The Completion and Production Services segment provides service rigs for well completion, workover, abandonment, maintenance, and re-entry preparation services; equipment rentals; and camp and catering services to oil and natural gas exploration and production companies. This segment operates well completion and workover service rigs in Canada and the United States. Precision Drilling Corporation was founded in 1951 and is headquartered in Calgary, Canada.
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