Precision Drilling (TSE:PD) Price Target Raised to C$165.00 at Raymond James Financial

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price hoisted by research analysts at Raymond James Financial from C$162.00 to C$165.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would indicate a potential upside of 27.46% from the stock’s current price.

A number of other brokerages also recently weighed in on PD. ATB Cormark Capital Markets boosted their price target on Precision Drilling from C$165.00 to C$175.00 and gave the stock an “outperform” rating in a research report on Friday. Royal Bank Of Canada boosted their price target on Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. BMO Capital Markets boosted their price target on Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday. TD Securities boosted their price target on Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday, February 12th. Finally, TD boosted their price target on Precision Drilling from C$127.00 to C$130.00 and gave the stock a “hold” rating in a research report on Friday. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Precision Drilling has a consensus rating of “Moderate Buy” and a consensus target price of C$152.25.

Precision Drilling Stock Up 2.2%

TSE PD traded up C$2.75 during trading hours on Friday, hitting C$129.45. 77,339 shares of the company traded hands, compared to its average volume of 96,644. The business’s 50-day moving average is C$127.45 and its 200-day moving average is C$106.26. Precision Drilling has a twelve month low of C$54.73 and a twelve month high of C$143.81. The company has a debt-to-equity ratio of 49.96, a quick ratio of 1.36 and a current ratio of 1.62. The stock has a market capitalization of C$1.68 billion, a price-to-earnings ratio of 924.64, a P/E/G ratio of -3.24 and a beta of 0.59.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 EPS for the quarter. Precision Drilling had a return on equity of 0.11% and a net margin of 0.10%.The firm had revenue of C$526.05 million during 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.