Precision Drilling (TSE:PD) Price Target Lowered to C$100.00 at National Bankshares

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS had its target price reduced by equities researchers at National Bankshares from C$110.00 to C$100.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a "sector perform" rating on the stock. National Bankshares' price objective would suggest a potential upside of 46.76% from the stock's current price.

A number of other equities research analysts have also recently issued reports on the stock. Raymond James Financial cut shares of Precision Drilling from a "strong-buy" rating to an "outperform" rating and decreased their price target for the company from C$141.00 to C$124.00 in a report on Wednesday, April 9th. Royal Bank Of Canada reduced their price objective on 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. TD Securities lowered 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 research note on Wednesday, April 16th. CIBC cut their price objective on Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. Finally, BMO Capital Markets reduced their price target on shares of Precision Drilling from C$100.00 to C$90.00 in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Precision Drilling has an average rating of "Moderate Buy" and a consensus target price of C$93.00.

Precision Drilling Stock Down 0.7%

PD traded down C$0.46 on Thursday, reaching C$68.14. 12,482 shares of the company traded hands, compared to its average volume of 128,411. 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 52-week low of C$51.38 and a 52-week high of C$109.20. The stock's 50 day moving average price is C$62.83 and its 200-day moving average price is C$70.72. The company has a market cap of C$969.64 million, a price-to-earnings ratio of 4.01, a PEG 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.