Precision Drilling Co. (TSE:PD) Receives Average Rating of “Moderate Buy” from Analysts

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$148.00.

Several research analysts have commented on the company. ATB Cormark Capital Markets cut their price target on Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating on the stock in a research report on Thursday, July 30th. TD decreased their price objective on Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating for the company in a report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Precision Drilling from C$160.00 to C$155.00 in a research report on Thursday, July 30th.

Precision Drilling Stock Performance

TSE PD opened at C$120.45 on Thursday. The company has a fifty day moving average of C$118.28 and a two-hundred day moving average of C$123.28. The company has a market capitalization of C$1.55 billion, a PE ratio of -51.04, a P/E/G ratio of -3.24 and a beta of 0.45. Precision Drilling has a 1 year low of C$74.51 and a 1 year high of C$143.81. The company has a debt-to-equity ratio of 43.54, a current ratio of 1.46 and a quick ratio of 1.36.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share for the quarter. The firm had revenue of C$452.80 million during the quarter. Precision Drilling had a negative net margin of 1.71% and a negative return on equity of 2.03%.

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.