Precision Drilling Co. (TSE:PD) Receives C$98.33 Consensus Target Price from Analysts

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has been assigned an average recommendation of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$98.33.

Several brokerages have recently commented on PD. Raymond James Financial lowered shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from C$141.00 to C$124.00 in a report on Wednesday, April 9th. 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 report on Thursday, April 17th. CIBC decreased their price objective on shares of Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. BMO Capital Markets reduced their target price on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. Finally, TD Securities reduced their target price 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.

Precision Drilling Trading Down 0.6%

Shares of PD stock traded down C$0.41 during trading hours on Friday, hitting C$69.88. The company had a trading volume of 96,006 shares, compared to its average volume of 129,309. The company's fifty day moving average is C$61.07 and its 200 day moving average is C$72.34. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$109.20. The stock has a market capitalization of C$994.40 million, a PE ratio of 4.11, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

Precision Drilling Company Profile

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.