Precision Drilling (TSE:PD) Price Target Raised to C$120.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective lifted by CIBC from C$110.00 to C$120.00 in a research note issued to investors on Tuesday,BayStreet.CA reports.

Several other equities research analysts have also issued reports on the company. ATB Capital set a C$120.00 price target on Precision Drilling and gave the stock an “outperform” rating in a research note on Friday, December 19th. TD Securities boosted their target price on Precision Drilling from C$77.00 to C$80.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. National Bankshares upped their target price on Precision Drilling from C$100.00 to C$120.00 and gave the stock a “sector perform” rating in a research note on Friday, January 9th. Raymond James Financial lifted their price target on shares of Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Atb Cap Markets upgraded shares of Precision Drilling to a “strong-buy” rating in a report on Thursday, October 30th. One 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$111.43.

Precision Drilling Price Performance

Shares of TSE:PD opened at C$103.36 on Tuesday. The company’s fifty day moving average price is C$92.01 and its 200-day moving average price is C$81.89. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The firm has a market capitalization of C$1.34 billion, a price-to-earnings ratio of 24.79, a PEG ratio of -3.24 and a beta of 1.30. Precision Drilling has a one year low of C$51.38 and a one year high of C$106.19.

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

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.