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

Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS has received a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$98.33.

Several research analysts recently weighed in on the stock. CIBC decreased their price objective on shares of Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. BMO Capital Markets decreased their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. TD Securities lowered their price objective on shares of Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating on the stock in a research report on Wednesday, April 16th. Raymond James downgraded shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from C$141.00 to C$124.00 in a report on Wednesday, April 9th. Finally, Royal Bank of Canada cut their target price on shares of Precision Drilling from C$110.00 to C$89.00 and set an "outperform" rating for the company in a research report on Thursday, April 17th.

Precision Drilling Stock Performance

TSE:PD opened at C$69.28 on Friday. The stock has a market cap of C$985.86 million, a P/E ratio of 4.08, a PEG ratio of -3.24 and a beta of 2.76. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The business's 50-day moving average price is C$60.47 and its two-hundred day moving average price is C$72.72. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$109.20.

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.

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