Evercore ISI resumed coverage of Precision Drilling with an Outperform rating and $142 price target. The acquisition of CWC Energy provides Precision with high-quality assets, enhances its drilling operations in both Canada and the U.S., aligns well with Precision’s long-term goals and will support its current deleveraging plan, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PDS:
- Precision Drilling price target raised to C$120 from C$110 at CIBC
- Precision Drilling Completes Acquisition of CWC Energy Services Corp.
- Precision Drilling raises FY23 CapEx budget to $215M from $195M
- Precision Drilling reports Q3 EPS $1.45, consensus $1.61
- Precision Drilling Announces 2023 Third Quarter Unaudited Financial Results
