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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have received a consensus recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$111.43.

Several equities research analysts recently weighed in on the company. National Bankshares upped their price target 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 raised shares of Precision Drilling to a “strong-buy” rating in a research report on Thursday, October 30th. Raymond James Financial lifted 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. Royal Bank Of Canada upped their price objective on shares of Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, CIBC raised their target price on shares of Precision Drilling from C$110.00 to C$120.00 in a research note on Tuesday.

Precision Drilling Stock Performance

Shares of PD opened at C$103.95 on Thursday. The company has a 50-day simple moving average of C$91.57 and a two-hundred day simple moving average of C$81.74. 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 PE ratio of 24.93, a price-to-earnings-growth 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 announced its earnings results on Wednesday, October 22nd. The company reported C($0.51) earnings per share (EPS) for the quarter. The firm 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.