Precision Drilling Co. (TSE:PD) Stock Has Consensus Target Price of C$165.62 According to Analysts

Key Points

• Analysts remain bullish: Precision Drilling has an average “Buy” rating from six analysts, with five buys and one strong buy. The consensus 12-month price target is C$165.62.
• Several firms recently raised their targets, including ATB Cormark to C$190, National Bank Financial to C$185, and TD to C$182; CIBC lowered its target to C$155.
• Shares opened at C$150.50, near their 52-week high of C$157.05, while the company recently reported quarterly EPS of C$1.65 and revenue of C$531.65 million.

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have received an average rating of "Buy" from the six analysts that are covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$165.62.

PD has been the topic of several analyst reports. National Bank Financial raised shares of Precision Drilling from a "hold" rating to an "outperform" rating and lifted their price target for the company from C$150.00 to C$185.00 in a report on Monday. Raymond James Financial upped their target price on shares of Precision Drilling from C$170.00 to C$175.00 and gave the stock an "outperform" rating in a report on Thursday. ATB Cormark Capital Markets increased their price target on Precision Drilling from C$170.00 to C$190.00 and gave the stock an "outperform" rating in a research note on Thursday. Canadian Imperial Bank of Commerce decreased their price target on Precision Drilling from C$160.00 to C$155.00 in a report on Thursday, July 30th. Finally, TD boosted their price objective on Precision Drilling from C$150.00 to C$182.00 and gave the company a "buy" rating in a research report on Thursday.

Precision Drilling Stock Up 1.9%

Shares of Precision Drilling stock opened at C$150.50 on Friday. The company has a 50-day simple moving average of C$123.86 and a two-hundred day simple moving average of C$121.58. Precision Drilling has a 52-week low of C$78.76 and a 52-week high of C$157.05. The company has a debt-to-equity ratio of 43.53, a quick ratio of 1.36 and a current ratio of 1.48. The stock has a market capitalization of C$1.89 billion, a PE ratio of -63.77, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last posted its earnings results on Wednesday, October 28th. The company reported C$1.65 earnings per share (EPS) for the quarter. The business had revenue of C$531.65 million for the quarter. Precision Drilling had a negative net margin of 0.26% and a negative return on equity of 0.32%.

Precision Drilling Company Profile

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.

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