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

Key Points

• "Moderate Buy" consensus from six analysts (three buys, three holds) with an average 12‑month price target of C$152.25; several firms recently lifted targets, led by ATB Cormark raising its target to C$175.
• Precision reported C$1.34 EPS and C$526.05M revenue for the quarter but still posts a negative net margin (-0.82%) and negative ROE (-0.94%), indicating ongoing profitability pressure.
• The stock opened at C$122.92 with a market cap of C$1.59B, trading around a 50‑day MA of C$127.80 and 200‑day MA of C$107.73, with a one‑year range of C$55.64–C$143.81.

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has received an average recommendation of "Moderate Buy" from the six research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$152.25.

A number of equities research analysts recently commented on the company. ATB Cormark Capital Markets lifted their target price on Precision Drilling from C$165.00 to C$175.00 and gave the stock an "outperform" rating in a report on Friday, May 1st. Royal Bank Of Canada raised their price target on shares of Precision Drilling from C$140.00 to C$150.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 14th. Raymond James Financial lifted their price objective 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 upped their price objective on shares of Precision Drilling from C$127.00 to C$130.00 and gave the company a "hold" rating in a report on Friday, May 1st. Finally, TD Securities raised their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a report on Thursday, February 12th.

Precision Drilling Price Performance

TSE PD opened at C$122.92 on Friday. The company has a market cap of C$1.59 billion, a price-to-earnings ratio of -118.19, a PEG ratio of -3.24 and a beta of 0.74. The company has a debt-to-equity ratio of 45.24, a current ratio of 1.70 and a quick ratio of 1.36. The stock's fifty day moving average price is C$127.80 and its 200 day moving average price is C$107.73. Precision Drilling has a 1 year low of C$55.64 and a 1 year high of C$143.81.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 EPS for the quarter. The company had revenue of C$526.05 million during the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.

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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