Precision Drilling Co. (TSE:PD) Given Average Recommendation of "Moderate Buy" by Brokerages

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

Several brokerages recently issued reports on PD. CIBC dropped their target price on shares of Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. Royal Bank Of Canada decreased their price objective on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. TD Securities reduced their price target 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. National Bankshares reduced their price target 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, ATB Capital dropped their price objective on shares of Precision Drilling from C$87.00 to C$84.00 and set an "outperform" rating for the company in a research note on Wednesday, July 2nd.

Precision Drilling Price Performance

Shares of PD opened at C$69.89 on Thursday. The firm's 50-day simple moving average is C$63.45 and its two-hundred day simple moving average is C$70.56. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$109.20. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The stock has a market cap of C$994.54 million, a PE ratio of 4.11, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

About Precision Drilling

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.

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