Precision Drilling Co. (TSE:PD) Receives C$152.25 Average Target Price from Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$152.25.

PD has been the topic of several research analyst reports. TD Securities raised their price objective on shares of Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. ATB Cormark Capital Markets raised their price objective on shares of Precision Drilling from C$165.00 to C$175.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. BMO Capital Markets raised their price objective on shares of Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. TD raised their price objective on shares of Precision Drilling from C$127.00 to C$130.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th.

Precision Drilling Trading Down 5.5%

Shares of Precision Drilling stock opened at C$129.84 on Tuesday. The company’s fifty day simple moving average is C$128.77 and its 200-day simple moving average is C$114.53. The company has a market cap of C$1.68 billion, a price-to-earnings ratio of -124.85, a PEG ratio of -3.24 and a beta of 0.42. The company has a current ratio of 1.70, a quick ratio of 1.36 and a debt-to-equity ratio of 45.24. Precision Drilling has a 1 year low of C$63.01 and a 1 year high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings data on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. The business had revenue of C$526.05 million for the quarter. Precision Drilling had a negative net margin of 0.82% and a negative return on equity of 0.94%.

About Precision Drilling

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.