Precision Drilling (TSE:PD) Price Target Raised to C$80.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price raised by TD Securities from C$77.00 to C$80.00 in a research report report published on Thursday,BayStreet.CA reports. The firm currently has a hold rating on the stock.

PD has been the topic of several other research reports. CIBC raised their price objective on Precision Drilling from C$100.00 to C$110.00 in a report on Wednesday, October 15th. National Bankshares decreased their price objective on Precision Drilling from C$110.00 to C$100.00 and set a “sector perform” rating on the stock in a report on Thursday, July 3rd. Royal Bank Of Canada raised their price objective on Precision Drilling from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Raymond James Financial upped their price target on shares of Precision Drilling from C$119.00 to C$120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, ATB Capital reduced their target price on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating on the stock in a report on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$102.00.

Precision Drilling Price Performance

Shares of TSE:PD opened at C$83.25 on Thursday. The business’s fifty day moving average price is C$78.75 and its two-hundred day moving average price is C$70.05. The stock has a market cap of C$1.10 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of -3.24 and a beta of 1.60. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a one year low of C$51.38 and a one year high of C$96.91.

About Precision Drilling

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.