Precision Drilling Co. (TSE:PD - Get Free Report) NYSE: PDS's stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$59.68 and traded as high as C$64.07. Precision Drilling shares last traded at C$63.26, with a volume of 63,789 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Raymond James lowered Precision Drilling from a "strong-buy" rating to an "outperform" rating and cut their price objective 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 target 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. CIBC reduced their price target on shares of Precision Drilling from C$115.00 to C$95.00 in a research report on Thursday, April 10th. 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. Finally, TD Securities reduced their price target on shares of Precision Drilling from C$89.00 to C$69.00 and set a "hold" rating for the company in a research report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$98.33.
Read Our Latest Stock Report on PD
Precision Drilling Price Performance
The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The stock has a 50 day moving average price of C$59.58 and a 200-day moving average price of C$73.20. The stock has a market capitalization of C$947.58 million, a price-to-earnings ratio of 3.92, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.
About Precision Drilling
(
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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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