Precision Drilling Co. (TSE:PD) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Precision Drilling has a consensus analyst rating of “Moderate Buy”, based on six covering firms: three rate it a hold and three rate it a buy.
• The average 1-year price target from analysts is C$150.25, with several firms recently adjusting targets upward, while TD trimmed its target and kept a hold rating.
• The stock was up 2.9% in trading, opening at C$119.35; the company also reported quarterly EPS of C$1.34 on revenue of C$526.05 million.

Shares of Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS have earned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$150.25.

PD has been the topic of several analyst reports. TD cut their price target on shares of Precision Drilling from C$130.00 to C$124.00 and set a "hold" rating on the stock in a research report on Monday, July 13th. National Bank Financial lifted their target price on Precision Drilling from C$140.00 to C$150.00 and gave the company a "sector perform" rating in a research report on Friday, May 1st. BMO Capital Markets boosted their price target on Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce upped their price objective on Precision Drilling from C$150.00 to C$160.00 in a research note on Friday, May 1st. Finally, Royal Bank Of Canada increased their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the company an "outperform" rating in a report on Tuesday, April 14th.

Precision Drilling Trading Up 2.9%

TSE PD opened at C$119.35 on Wednesday. Precision Drilling has a 52 week low of C$67.49 and a 52 week high of C$143.81. The company has a debt-to-equity ratio of 45.24, a quick ratio of 1.36 and a current ratio of 1.70. The stock's 50 day moving average price is C$122.18 and its two-hundred day moving average price is C$120.72. The stock has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -114.76, a PEG ratio of -3.24 and a beta of 0.42.

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

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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