Brokerages Set Precision Drilling Co. (TSE:PD) Price Target at C$107.14

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$107.14.

PD has been the topic of several recent research reports. CIBC boosted their price objective on shares of Precision Drilling from C$100.00 to C$110.00 in a research report on Wednesday, October 15th. ATB Capital set a C$120.00 target price on shares of Precision Drilling and gave the stock an “outperform” rating in a research report on Friday, December 19th. 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. Atb Cap Markets raised shares of Precision Drilling to a “strong-buy” rating in a research note on Thursday, October 30th. Finally, TD Securities lifted their price objective 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.

Precision Drilling Stock Performance

PD opened at C$95.42 on Friday. Precision Drilling has a 1-year low of C$51.38 and a 1-year high of C$98.78. The stock has a market cap of C$1.26 billion, a P/E ratio of 22.88, a P/E/G ratio of -3.24 and a beta of 1.22. The stock’s 50 day simple moving average is C$86.91 and its 200 day simple moving average is C$78.82. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its earnings results on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. The firm 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.