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Brokerages Set Precision Drilling Co. (TSE:PD) Price Target at C$93.00

Precision Drilling logo with Energy background

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have received an average rating of "Moderate Buy" from the seven analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$93.00.

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada reduced their target price on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th. Raymond James Financial lowered Precision Drilling from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the company from C$141.00 to C$124.00 in a report on Wednesday, April 9th. CIBC decreased their target price on Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. National Bankshares dropped their price target on Precision Drilling from C$110.00 to C$100.00 and set a "sector perform" rating on the stock in a research report on Thursday, July 3rd. Finally, BMO Capital Markets cut their price target on Precision Drilling from C$100.00 to C$90.00 in a research note on Thursday, April 17th.

View Our Latest Research Report on Precision Drilling

Precision Drilling Stock Performance

PD stock traded down C$0.62 during midday trading on Thursday, hitting C$69.37. The company's stock had a trading volume of 28,891 shares, compared to its average volume of 125,562. Precision Drilling has a 1 year low of C$51.38 and a 1 year high of C$109.20. The stock has a market cap of C$987.14 million, a price-to-earnings ratio of 4.08, a PEG ratio of -3.24 and a beta of 2.76. The stock's 50-day moving average price is C$63.85 and its 200 day moving average price is C$70.37. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98.

About Precision Drilling

(Get Free Report

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.

Further Reading

Analyst Recommendations for Precision Drilling (TSE:PD)

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