Precision Drilling (TSE:PD) PT Raised to C$136.00 at Raymond James

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS had its price objective raised by equities research analysts at Raymond James from C$132.00 to C$136.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a "strong-buy" rating on the stock. Raymond James' target price suggests a potential upside of 37.50% from the company's previous close.

PD has been the subject of a number of other research reports. BMO Capital Markets upped their price objective on Precision Drilling from C$125.00 to C$130.00 and gave the company an "outperform" rating in a report on Wednesday, February 7th. CIBC boosted their target price on Precision Drilling from C$110.00 to C$130.00 and gave the company an "outperform" rating in a research note on Monday. TD Securities reduced their price objective 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. Piper Sandler Companies dropped their price objective on Precision Drilling from C$107.00 to C$100.00 and set an "overweight" rating on the stock in a research note on Monday, January 8th. Finally, Royal Bank of Canada lowered their target price on Precision Drilling from C$125.00 to C$122.00 in a research note on Friday, January 12th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Precision Drilling has an average rating of "Buy" and a consensus target price of C$127.09.

Precision Drilling Price Performance

PD stock traded up C$4.80 during trading on Friday, hitting C$98.91. The company had a trading volume of 144,539 shares, compared to its average volume of 87,010. The company has a fifty day moving average price of C$89.73 and a two-hundred day moving average price of C$82.15. The company has a current ratio of 1.40, a quick ratio of 1.36 and a debt-to-equity ratio of 62.97. The company has a market cap of C$1.43 billion, a P/E ratio of 5.06, a P/E/G ratio of -3.24 and a beta of 2.92. Precision Drilling has a fifty-two week low of C$56.42 and a fifty-two week high of C$104.90.

Precision Drilling (TSE:PD - Get Free Report) NYSE: PDS last issued its quarterly earnings data on Thursday, April 25th. The company reported C$2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.73 by C($0.20). The business had revenue of C$527.79 million during the quarter, compared to the consensus estimate of C$539.50 million. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. Equities research analysts expect that Precision Drilling will post 8.6166667 earnings per share for the current fiscal year.

Insider Buying and Selling at Precision Drilling

In related news, Senior Officer Veronica H. Foley sold 1,763 shares of Precision Drilling 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$109,711.49. In other Precision Drilling news, Senior Officer Veronica H. Foley sold 1,763 shares of the business's stock in a transaction on Thursday, February 15th. The stock was 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 business'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$496,346.48. In the last quarter, insiders sold 21,373 shares of company stock worth $1,329,227. 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.