Piper Sandler lowered the firm’s price target on Precision Drilling to $81 from $100 and keeps an Overweight rating on the shares. The firm notes that with crude now at a healthier level along with NA est stability, some NA OFS stocks have rebounded. However, large cap OFS stocks are generally still lagging from the Aramco cut, Piper adds.
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Read More on PDS:
- Precision Drilling price target lowered to C$115 from C$120 at Stifel
- Precision Drilling price target lowered to C$132 from C$137 at Raymond James
- Precision Drilling price target raised to C$130 from C$125 at BMO Capital
- Precision Drilling price target lowered to C$115 from C$125 at TD Securities
- Precision Drilling reports Q4 EPS $10.42, consensus $1.61
