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Analysts raised Price targets for Precision Drilling amid quarterly loss and one-time charges, urging focus on cash flow and costs.
Analysts have upgraded Precision Drilling (TSE:PD), with BMO Capital Markets leading a price target increase to C$150, while Raymond James, CIBC, and National Bank raised theirs to C$143, C$140, and C$140, respectively.
RBC and TD maintained positive ratings at C$124 and C$123.
The stock opened at C$119.04, with a market cap of C$1.54 billion and a consensus target of C$134.29.
The company reported a quarterly loss of C$0.51 per share and revenue of C$462.25 million, with a net margin of 12.53% and return on equity of 14.96%.
One-time charges affected earnings, prompting analysts to advise focusing on cash flow, capital spending, and decommissioning costs for long-term outlook.
Los analistas elevaron los objetivos de precios para la perforación de precisión en medio de pérdidas trimestrales y cargos únicos, instando a centrarse en el flujo de efectivo y los costos.