Precision Drilling Co. (TSE:PD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a 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$152.25.

Several equities analysts have recently weighed in on the company. ATB Cormark Capital Markets lifted their price objective on Precision Drilling from C$165.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. TD Securities lifted their price objective on Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. National Bank Financial lifted their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st. Raymond James Financial lifted their price objective on Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Royal Bank Of Canada lifted their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th.

Precision Drilling Stock Up 0.9%

Shares of TSE:PD opened at C$128.94 on Friday. The stock’s 50-day moving average price is C$128.49 and its two-hundred day moving average price is C$109.37. The company has a current ratio of 1.70, a quick ratio of 1.36 and a debt-to-equity ratio of 45.24. Precision Drilling has a 12-month low of C$56.04 and a 12-month high of C$143.81. The firm has a market cap of C$1.67 billion, a price-to-earnings ratio of -123.98, a PEG ratio of -3.24 and a beta of 0.74.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. The firm had revenue of C$526.05 million for the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.

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.