Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$128.50 and traded as high as C$135.10. Precision Drilling shares last traded at C$131.25, with a volume of 87,189 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce upped their price target on shares of Precision Drilling from C$150.00 to C$160.00 in a research note on Friday, May 1st. ATB Cormark Capital Markets upped their price target on shares of Precision Drilling from C$165.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. TD Securities upped their price target on shares of Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. BMO Capital Markets upped their price target on shares of Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. Finally, TD upped their price target on shares of Precision Drilling from C$127.00 to C$130.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$152.25.
Get Our Latest Report on Precision Drilling
Precision Drilling Price Performance
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last posted its quarterly earnings data on Thursday, April 30th. The company reported C$1.34 EPS for the quarter. The company had revenue of C$526.05 million during the quarter. Precision Drilling had a negative net margin of 0.82% and a negative return on equity of 0.94%.
Precision Drilling Company Profile
Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.
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