Precision Drilling (TSE:PD) Price Target Raised to C$118.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target upped by TD Securities from C$80.00 to C$118.00 in a report released on Monday,BayStreet.CA reports.

A number of other research analysts also recently issued reports on the company. CIBC lifted their price target on Precision Drilling from C$110.00 to C$120.00 in a report on Tuesday, January 13th. National Bankshares upped their price objective 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. Atb Cap Markets upgraded Precision Drilling to a “strong-buy” rating in a research note on Thursday, October 30th. ATB Capital set a C$120.00 target price on shares of Precision Drilling and gave the stock an “outperform” rating in a report on Friday, December 19th. Finally, Raymond James Financial increased their price target on shares of Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Precision Drilling currently has a consensus rating of “Moderate Buy” and an average price target of C$116.86.

Precision Drilling Trading Down 0.4%

TSE PD opened at C$106.71 on Monday. Precision Drilling has a one year low of C$51.38 and a one year high of C$108.40. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The company has a market capitalization of C$1.41 billion, a price-to-earnings ratio of 25.59, a price-to-earnings-growth ratio of -3.24 and a beta of 1.30. The company’s 50-day simple moving average is C$96.16 and its two-hundred day simple moving average is C$84.29.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings results on Wednesday, October 22nd. The company reported C($0.51) earnings per share for the quarter. The business had revenue of C$462.25 million during 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.