Precision Drilling (TSE:PD) Price Target Raised to C$126.00 at ATB Capital

Precision Drilling (TSE:PD - Free Report) NYSE: PDS had its price objective upped by ATB Capital from C$125.00 to C$126.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets increased their target price on shares of Precision Drilling from C$125.00 to C$130.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. CIBC raised their target price on shares of Precision Drilling from C$100.00 to C$110.00 and gave the stock an outperform rating in a research note on Wednesday, February 7th. TD Securities dropped their price target on Precision Drilling from C$125.00 to C$115.00 and set a buy rating for the company in a research report on Wednesday, February 7th. Evercore reduced their price objective on Precision Drilling from C$142.00 to C$139.00 and set an outperform rating on the stock in a research report on Wednesday, February 7th. Finally, Stifel Nicolaus lowered their price objective on Precision Drilling from C$120.00 to C$115.00 and set a buy rating on the stock in a research note on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$124.00.

Precision Drilling Price Performance

PD stock traded up C$0.64 during mid-day trading on Monday, reaching C$103.91. 72,386 shares of the company's stock were exchanged, compared to its average volume of 78,210. The company has a debt-to-equity ratio of 62.97, a current ratio of 1.40 and a quick ratio of 1.36. Precision Drilling has a 12-month low of C$56.42 and a 12-month high of C$104.90. The stock's 50 day moving average is C$86.57 and its 200 day moving average is C$81.33. The company has a market cap of C$1.50 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of -3.24 and a beta of 2.90.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last posted its quarterly earnings data on Tuesday, February 6th. The company reported C$4.70 earnings per share for the quarter, topping analysts' consensus estimates of C$2.82 by C$1.88. The company had revenue of C$506.87 million during the quarter, compared to analysts' expectations of C$476.00 million. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. On average, research analysts expect that Precision Drilling will post 8.7760512 EPS for the current year.

Insider Activity

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 1,763 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$109,711.49. In other news, Senior Officer Veronica H. Foley sold 1,763 shares of the firm's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$109,711.49. Also, Director Carey Thomas Ford sold 7,976 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$496,346.48. Over the last three months, insiders have sold 21,373 shares of company stock worth $1,329,227. Corporate insiders own 1.32% of the company's stock.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.