Precision Drilling (TSE:PD) Price Target Raised to C$158.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by Raymond James Financial from C$143.00 to C$158.00 in a research note issued to investors on Monday,BayStreet.CA reports.

PD has been the topic of several other reports. Royal Bank Of Canada upped their target price on shares of Precision Drilling from C$124.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. ATB Cormark Capital Markets boosted their price target on shares of Precision Drilling from C$135.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. BMO Capital Markets upped their price objective on Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday, February 12th. National Bank Financial increased their price objective on Precision Drilling from C$120.00 to C$140.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Finally, TD Securities lifted their target price on Precision Drilling from C$118.00 to C$123.00 in a report on Thursday, February 12th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$145.86.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at C$129.30 on Monday. The stock has a market capitalization of C$1.67 billion, a price-to-earnings ratio of 923.57, a price-to-earnings-growth ratio of -3.24 and a beta of 1.09. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.62 and a quick ratio of 1.36. The business has a 50-day moving average of C$122.01 and a 200 day moving average of C$99.53. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, February 12th. The company reported C($6.50) earnings per share (EPS) for the quarter. Precision Drilling had a return on equity of 0.11% and a net margin of 0.10%.The business had revenue of C$478.51 million for the quarter.

Precision Drilling Company Profile

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.