Precision Drilling (TSE:PD) PT Raised to C$125.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by research analysts at Stifel Nicolaus from C$115.00 to C$125.00 in a report released on Thursday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 36.18% from the company’s previous close.

PD has been the topic of a number of other research reports. CIBC raised their price target on Precision Drilling from C$100.00 to C$110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. BMO Capital Markets lifted their target price on Precision Drilling from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Evercore decreased their target price on Precision Drilling from C$142.00 to C$139.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 7th. TD Securities decreased their target price on Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th. Finally, Raymond James decreased their target price on Precision Drilling from C$137.00 to C$132.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$124.91.

Precision Drilling Stock Down 1.1 %

Shares of TSE PD opened at C$91.79 on Thursday. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40. Precision Drilling has a 52 week low of C$56.42 and a 52 week high of C$104.90. The stock has a market capitalization of C$1.33 billion, a P/E ratio of 4.70, a PEG ratio of -3.24 and a beta of 2.92. The stock’s fifty day moving average is C$89.02 and its 200 day moving average is C$81.85.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Tuesday, February 6th. The company reported C$4.70 EPS for the quarter, topping analysts’ consensus estimates of C$2.82 by C$1.88. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. The company had revenue of C$506.87 million for the quarter, compared to analysts’ expectations of C$476.00 million. Sell-side analysts forecast that Precision Drilling will post 8.6166667 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 7,878 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$489,696.48. In other Precision Drilling news, Director Carey Thomas Ford sold 7,976 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$496,346.48. Also, Senior Officer Veronica H. Foley sold 7,878 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total value of C$489,696.48. Insiders have sold a total of 21,373 shares of company stock valued at $1,329,227 over the last ninety days. 1.32% of the stock is owned by company insiders.

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.