Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price objective upped by CIBC from C$110.00 to C$130.00 in a research report report published on Monday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.
A number of other equities research analysts also recently weighed in on the company. Raymond James dropped their target price on Precision Drilling from C$137.00 to C$132.00 and set a strong-buy rating for the company in a report on Wednesday, February 7th. Royal Bank of Canada dropped their target price on Precision Drilling from C$125.00 to C$122.00 in a report on Friday, January 12th. Evercore dropped their target price on Precision Drilling from C$142.00 to C$139.00 and set an outperform rating for the company in a report on Wednesday, February 7th. TD Securities dropped their price target on Precision Drilling from C$125.00 to C$115.00 and set a buy rating for the company in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus boosted their price target on Precision Drilling from C$115.00 to C$125.00 and gave the company a buy rating in a research note on Thursday, April 18th. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Precision Drilling has an average rating of Buy and a consensus target price of C$126.73.
Read Our Latest Research Report on PD
Precision Drilling Trading Down 0.5 %
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last released its quarterly earnings data on Tuesday, February 6th. The company reported C$4.70 EPS for the quarter, topping analysts’ consensus estimates of C$2.82 by C$1.88. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The firm had revenue of C$506.87 million during the quarter, compared to analysts’ expectations of C$476.00 million. Equities analysts anticipate that Precision Drilling will post 8.6166667 EPS for the current year.
Insider Transactions at Precision Drilling
In related news, Senior Officer Veronica H. Foley sold 7,878 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$489,696.48. In related news, Senior Officer Veronica H. Foley sold 7,878 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of C$62.16, for a total value of C$489,696.48. Also, Director Carey Thomas Ford sold 3,756 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of C$62.16, for a total value of C$233,472.96. Over the last three months, insiders have sold 21,373 shares of company stock worth $1,329,227. Insiders own 1.32% of the company’s stock.
About Precision Drilling
Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.
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