Precision Drilling (TSE:PD) Price Target Raised to C$125.00 at Stifel Nicolaus

Precision Drilling (TSE:PD - Free Report) NYSE: PDS had its target price upped by Stifel Nicolaus from C$115.00 to C$125.00 in a research report released on Thursday, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages have also issued reports on PD. Piper Sandler Companies dropped their target price on Precision Drilling from C$107.00 to C$100.00 and set an overweight rating on the stock in a research report on Monday, January 8th. Evercore lowered their target price on Precision Drilling from C$142.00 to C$139.00 and set an outperform rating for the company in a report on Wednesday, February 7th. TD Securities lowered their target price on Precision Drilling from C$125.00 to C$115.00 and set a buy rating for the company in a report on Wednesday, February 7th. CIBC upped their target price on Precision Drilling from C$100.00 to C$110.00 and gave the company an outperform rating in a report on Wednesday, February 7th. Finally, Royal Bank of Canada reduced their price objective on Precision Drilling from C$125.00 to C$122.00 in a research report on Friday, January 12th. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of C$124.91.

Precision Drilling Price Performance

Precision Drilling stock traded down C$1.20 during mid-day trading on Thursday, hitting C$92.83. 87,252 shares of the company were exchanged, compared to its average volume of 82,181. The company has a debt-to-equity ratio of 62.97, a current ratio of 1.40 and a quick ratio of 1.36. The business's 50 day simple moving average is C$88.91 and its two-hundred day simple moving average is C$81.80. The company has a market capitalization of C$1.34 billion, a P/E ratio of 4.75, a PEG ratio of -3.24 and a beta of 2.92. Precision Drilling has a 12-month low of C$56.42 and a 12-month high of C$104.90.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its earnings results on Tuesday, February 6th. The company reported C$4.70 earnings per share for the quarter, beating analysts' consensus estimates of C$2.82 by C$1.88. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. The firm had revenue of C$506.87 million for the quarter, compared to analysts' expectations of C$476.00 million. Analysts forecast that Precision Drilling will post 8.6166667 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

About Precision Drilling

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.