Precision Drilling (TSE:PD) Stock Price Target Raised at TD

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price hoisted by research analysts at TD from C$150.00 to C$182.00 in a note issued to investors on Thursday, BayStreet reports. The brokerage presently has a “buy” rating on the stock. TD‘s target price points to a potential upside of 22.15% from the company’s previous close.

Other analysts also recently issued research reports about the stock. National Bank Financial raised shares of Precision Drilling from a “hold” rating to an “outperform” rating and lifted their target price for the stock from C$150.00 to C$185.00 in a report on Monday. Canadian Imperial Bank of Commerce decreased their price target on Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday, July 30th. ATB Cormark Capital Markets decreased their price target on Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Finally, TD Securities upgraded shares of Precision Drilling from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. According to MarketBeat, Precision Drilling has an average rating of “Buy” and an average price target of C$165.62.

Precision Drilling Trading Up 0.9%

Shares of PD stock traded up C$1.35 during trading hours on Thursday, reaching C$149.00. The company had a trading volume of 175,030 shares, compared to its average volume of 86,247. Precision Drilling has a 1-year low of C$78.76 and a 1-year high of C$157.05. The company has a 50 day moving average of C$123.29 and a 200 day moving average of C$121.32. The company has a debt-to-equity ratio of 43.54, a current ratio of 1.46 and a quick ratio of 1.36. The firm has a market cap of C$1.88 billion, a price-to-earnings ratio of -63.14, a P/E/G ratio of -3.24 and a beta of 0.59.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data on Wednesday, October 28th. The company reported C$1.65 EPS for the quarter. The business had revenue of C$531.65 million during the quarter. Precision Drilling had a negative net margin of 1.71% and a negative return on equity of 2.03%.

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.