Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) was upgraded by investment analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, Zacks reports.
Other equities research analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets reduced their price target on shares of Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. Canadian Imperial Bank of Commerce decreased their price target on shares of Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday, July 30th. Finally, TD upgraded shares of Precision Drilling from a “hold” rating to a “buy” rating and increased their price objective for the company from C$116.00 to C$150.00 in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Precision Drilling has an average rating of “Buy” and an average target price of C$152.25.
Precision Drilling Stock Up 4.7%
PD opened at C$128.46 on Tuesday. The company has a debt-to-equity ratio of 43.54, a quick ratio of 1.36 and a current ratio of 1.46. Precision Drilling has a fifty-two week low of C$75.94 and a fifty-two week high of C$143.81. The firm’s fifty day moving average is C$121.41 and its 200 day moving average is C$121.56. The stock has a market cap of C$1.62 billion, a price-to-earnings ratio of -54.43, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59.
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share for the quarter. Precision Drilling had a negative return on equity of 2.03% and a negative net margin of 1.71%. The business had revenue of C$452.80 million during the quarter.
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.
Recommended Stories
- Five stocks we like better than Precision Drilling
- Aurora Rejects Curaleaf’s Higher Bid, But the Takeover Fight Isn’t Over
- Centrus Energy Is Building a Nuclear Fuel Powerhouse—Why Is Its Stock Struggling?
- Halliburton Gains Traction: Multiyear Upcycle Ahead
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
Receive News & Ratings for Precision Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Precision Drilling and related companies with MarketBeat.com's FREE daily email newsletter.
