ATB Capital Analysts Give Precision Drilling (TSE:PD) a C$120.00 Price Target

ATB Capital set a C$120.00 target price on Precision Drilling (TSE:PD) (NYSE:PDS) in a report published on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also recently issued reports on the stock. Atb Cap Markets raised shares of Precision Drilling to a “strong-buy” rating in a research note on Thursday, October 30th. CIBC raised their price target on shares of Precision Drilling from C$100.00 to C$110.00 in a research note on Wednesday, October 15th. Royal Bank Of Canada boosted their price target on shares of Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Raymond James Financial upped their price objective on shares of Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, TD Securities raised their target price on shares of Precision Drilling from C$77.00 to C$80.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$107.14.

Precision Drilling Price Performance

TSE:PD opened at C$96.28 on Friday. The stock has a 50 day moving average of C$85.03 and a two-hundred day moving average of C$77.89. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$98.78. The firm has a market cap of C$1.27 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of -3.24 and a beta of 1.22. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C($0.51) earnings per share (EPS) for the quarter. Precision Drilling had a return on equity of 14.96% and a net margin of 12.53%.The firm had revenue of C$462.25 million during the quarter.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.