Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price target hoisted by TD from C$150.00 to C$182.00 in a report released on Thursday,BayStreet reports. The brokerage currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about the company. National Bank Financial upgraded Precision Drilling from a “hold” rating to an “outperform” rating and raised their price target for the stock from C$150.00 to C$185.00 in a research report on Monday, October 26th. TD Securities raised Precision Drilling from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. ATB Cormark Capital Markets cut their price objective on shares of Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$165.62.
Read Our Latest Stock Analysis on PD
Precision Drilling Trading Down 1.6%
Shares of TSE:PD opened at C$148.12 on Thursday. Precision Drilling has a 52-week low of C$78.76 and a 52-week high of C$157.05. The company has a debt-to-equity ratio of 43.53, a quick ratio of 1.36 and a current ratio of 1.48. The company has a market capitalization of C$1.86 billion, a P/E ratio of -598.30, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59. The company has a 50-day simple moving average of C$124.37 and a 200 day simple moving average of C$121.83.
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$1.65 earnings per share for the quarter. The company had revenue of C$531.65 million for the quarter. Precision Drilling had a negative net margin of 0.26% and a negative return on equity of 0.32%.
About Precision Drilling
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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