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

Key Points

• Precision Drilling has a “Moderate Buy” consensus rating from six analysts, split evenly between three buy and three hold ratings. The average 12-month price target is C$148, above the stock’s reported C$117.30 price.
• Analyst targets remain mixed: ATB Cormark and TD recently cut their targets, while Raymond James and BMO raised theirs; current targets range from C$116 to C$165.
• In its latest quarter, Precision Drilling reported revenue of C$452.8 million and a loss of C$0.52 per share, alongside a negative net margin of 1.71% and negative return on equity of 2.03%.

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$148.00.

Several research analysts have recently weighed in on PD shares. ATB Cormark Capital Markets lowered their price objective on shares of Precision Drilling from C$165.00 to C$160.00 and set an "outperform" rating on the stock in a research note on Thursday, July 30th. Raymond James Financial upped their price target on shares of Precision Drilling from C$162.00 to C$165.00 and gave the company an "outperform" rating in a research note on Friday, May 1st. TD reduced their price target on Precision Drilling from C$124.00 to C$116.00 and set a "hold" rating on the stock in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their target price on shares of Precision Drilling from C$160.00 to C$155.00 in a report on Thursday, July 30th. Finally, BMO Capital Markets lifted their price target on Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th.

Precision Drilling Price Performance

Shares of PD stock opened at C$117.30 on Friday. The stock has a 50-day moving average price of C$115.71 and a 200 day moving average price of C$121.90. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of 43.54. The firm has a market cap of C$1.51 billion, a price-to-earnings ratio of -49.70, a PEG ratio of -3.24 and a beta of 0.34. Precision Drilling has a 12 month low of C$72.87 and a 12 month high of C$143.81.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.52) EPS for the quarter. Precision Drilling had a negative net margin of 1.71% and a negative return on equity of 2.03%. The company had revenue of C$452.80 million during the quarter.

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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