National Bank downgraded Precision Drilling to Sector Perform from Outperform with an unchanged price target of C$135. The analyst projects there is at least a one quarter lull to earnings coming through the fourth quarter for the energy services sector. As a result, the firm is tactically downshifting its stance to neutral on a wholesale basis.
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Read More on PDS:
- Precision Drilling resumed with an Outperform at Evercore ISI
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- Precision Drilling Completes Acquisition of CWC Energy Services Corp.
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- Precision Drilling reports Q3 EPS $1.45, consensus $1.61
