TD Securities Lowers Precision Drilling (TSE:PD) Price Target to C$89.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective reduced by TD Securities from C$100.00 to C$89.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 14.35% from the company’s current price.

PD has been the topic of a number of other research reports. Raymond James dropped their target price on shares of Precision Drilling from C$146.00 to C$141.00 in a research report on Friday. 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. ATB Capital boosted their target price on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. Finally, CIBC reduced their price target on shares of Precision Drilling from C$125.00 to C$115.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Precision Drilling presently has an average rating of “Buy” and a consensus target price of C$119.00.

Precision Drilling Stock Performance

Shares of Precision Drilling stock traded down C$1.21 on Friday, reaching C$77.83. The stock had a trading volume of 127,621 shares, compared to its average volume of 111,976. The business’s 50-day moving average price is C$87.20 and its two-hundred day moving average price is C$89.40. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a fifty-two week low of C$76.50 and a fifty-two week high of C$109.20. The stock has a market cap of C$1.11 billion, a P/E ratio of 4.58, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

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.