Precision Drilling (TSE:PD) Stock Passes Above Fifty Day Moving Average of $91.85

Precision Drilling Co. (TSE:PD) (NYSE:PDS) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$91.85 and traded as high as C$101.35. Precision Drilling shares last traded at C$98.94, with a volume of 81,799 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Evercore decreased their price objective on shares of 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. CIBC increased their price target on shares of Precision Drilling from C$110.00 to C$130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Piper Sandler Companies dropped their price objective on shares of Precision Drilling from C$107.00 to C$100.00 and set an “overweight” rating for the company in a report on Monday, January 8th. BMO Capital Markets increased their target price on Precision Drilling from C$125.00 to C$130.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus lifted their price target on Precision Drilling from C$115.00 to C$125.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. 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 data from MarketBeat.com, Precision Drilling presently has a consensus rating of “Buy” and an average price target of C$127.09.

Precision Drilling Stock Performance

The business has a 50 day moving average price of C$91.85 and a two-hundred day moving average price of C$82.78. The company has a debt-to-equity ratio of 62.02, a quick ratio of 1.36 and a current ratio of 1.71. The company has a market cap of C$1.43 billion, a P/E ratio of 6.00, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its earnings results on Thursday, April 25th. The company reported C$2.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$2.73 by C($0.20). Precision Drilling had a return on equity of 15.46% and a net margin of 12.06%. The firm had revenue of C$527.79 million during the quarter, compared to the consensus estimate of C$539.50 million. On average, sell-side analysts anticipate that Precision Drilling Co. will post 9.2823529 earnings per share for the current year.

Insider Buying and Selling at Precision Drilling

In related news, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total value of C$109,711.49. In related news, Senior Officer Veronica H. Foley sold 1,763 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$109,711.49. Also, Director Carey Thomas Ford sold 7,976 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total transaction of C$496,346.48. Insiders sold 21,373 shares of company stock valued at $1,329,227 in the last 90 days. Insiders own 2.09% of the company’s stock.

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.