Precision Drilling Co. (TSE:PD) Receives Average Recommendation of “Buy” from Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$119.00.

A number of research firms have recently weighed in on PD. Raymond James dropped their price target on shares of Precision Drilling from C$146.00 to C$141.00 in a research note on Friday, February 14th. CIBC cut their price target on Precision Drilling from C$125.00 to C$115.00 in a research note on Friday, February 14th. ATB Capital lifted their price target on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. TD Securities dropped their price objective on Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, Royal Bank of Canada reduced their target price on shares of Precision Drilling from C$121.00 to C$110.00 in a research note on Friday, February 14th.

Precision Drilling Stock Performance

Shares of PD opened at C$56.24 on Tuesday. The company has a market capitalization of C$800.30 million, a PE ratio of 3.31, a PEG ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The company’s 50 day moving average price is C$72.44 and its 200 day moving average price is C$82.15. Precision Drilling has a 52 week low of C$54.71 and a 52 week high of C$109.20.

Insider Transactions at Precision Drilling

In other news, Director Carey Thomas Ford sold 5,108 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. Also, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. 2.12% of the stock is owned by corporate 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.