Precision Drilling Corp T.PD

Stifel

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As can be seen, he has lowered his targets for every company that he covers in this sector. GLTA

Cole Pereira, a oilfield services and energy infrastructure analyst at Stifel, made a series of target adjustments to stocks in his coverage universe on Thursday.

His changes include:

• Calfrac Well Services Ltd. ( “buy”) to $8.50 from $9. The average target is $8.80.
• Cathedral Energy Services Ltd. (“buy”) to $1.80 from $1.90. Average: $1.89.
• Ensign Energy Services Inc. ( “hold”) to $2.50 from $3. Average: $4.67.
• Pason Systems Inc. ( “hold”) to $14 from $15.50. Average: $16.92.
• PHX Energy Services Corp. ( “buy”) to $9.50 from $11. Average: $9.
• Precision Drilling Corp. ( “buy”) to $118 from $130. Average: $124.28.
• Stampede Drilling Inc. (SDI-X) to 40 cents from 45 cents. Average: 53 cents.
• Western Energy Services Corp. ( “hold”) to $3 from $3.15. Average: $3.08.

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More details. GLTA Top names in order remain 1) TCW [”buy” and $5.50 target] 2) EFX [”buy” and 16.50 target] and 3) PD, while CET remains our top small-cap pick,” he said.  “TCW remains a best-in-class OFS name given its strong management team, 100-per-cent Canadian exposure and significant shareholder returns focus with its 5.0-per-cent dividend yield and having reduced its share count