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

Key Points

• Analysts have a consensus rating of "Moderate Buy" on Precision Drilling based on six recent covers (three Buy, three Hold) with an average 12‑month price target of C$143.50.
• Several brokerages recently raised targets—most notably ATB Cormark to C$160 and Raymond James to C$158—while others (BMO, CIBC, TD) also increased their price objectives.
• Despite the analyst optimism, Precision reported a quarterly EPS loss of C($6.50); the stock trades around C$128 with a market cap of C$1.66B, a very high reported P/E of 914.71, and a 12‑month range of C$54.73–C$143.81.

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a 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$143.50.

Several brokerages recently issued reports on PD. Raymond James Financial upped their target price on Precision Drilling from C$143.00 to C$158.00 in a research report on Monday, March 30th. TD increased their price objective on Precision Drilling from C$123.00 to C$127.00 and gave the company a "hold" rating in a report on Monday. ATB Cormark Capital Markets increased their price objective on Precision Drilling from C$135.00 to C$160.00 and gave the company an "outperform" rating in a report on Monday, March 23rd. BMO Capital Markets increased their price objective on Precision Drilling from C$120.00 to C$150.00 in a report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce increased their price objective on Precision Drilling from C$140.00 to C$150.00 in a report on Tuesday, March 24th.

Precision Drilling Stock Up 0.2%

Shares of PD stock traded up C$0.25 during mid-day trading on Monday, hitting C$128.06. The stock had a trading volume of 53,400 shares, compared to its average volume of 91,165. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.62 and a quick ratio of 1.36. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 914.71, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59. Precision Drilling has a 12-month low of C$54.73 and a 12-month high of C$143.81. The firm's 50-day moving average is C$125.26 and its two-hundred day moving average is C$102.14.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its quarterly earnings data on Thursday, February 12th. The company reported C($6.50) earnings per share for the quarter. The company had revenue of C$478.51 million for the quarter. Precision Drilling had a return on equity of 0.11% and a net margin of 0.10%.

About Precision Drilling

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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