Precision Drilling Co. (TSE:PD) Receives C$93.00 Consensus PT from Analysts

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have earned an average recommendation of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$93.00.

Several research analysts recently commented on PD shares. Royal Bank Of Canada dropped their target price on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. BMO Capital Markets dropped their price objective on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. CIBC dropped their price objective on shares of Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. National Bankshares dropped their price objective on shares of Precision Drilling from C$110.00 to C$100.00 and set a "sector perform" rating on the stock in a report on Thursday, July 3rd. Finally, TD Securities dropped their price objective on shares of Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating on the stock in a report on Wednesday, April 16th.

Precision Drilling Stock Performance

PD traded down C$0.62 during trading on Thursday, hitting C$69.37. The stock had a trading volume of 28,891 shares, compared to its average volume of 125,562. The firm has a market cap of C$987.14 million, a PE ratio of 4.08, a P/E/G ratio of -3.24 and a beta of 2.76. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$109.20. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The company has a 50 day simple moving average of C$63.85 and a 200-day simple moving average of C$70.27.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.