Precision Drilling Corp (TSE:PD) (NYSE:PDS)’s stock price hit a new 52-week low on Thursday . The stock traded as low as C$1.34 and last traded at C$1.34, with a volume of 530011 shares changing hands. The stock had previously closed at C$1.38.

Several analysts recently weighed in on the company. BMO Capital Markets decreased their target price on Precision Drilling from C$5.00 to C$3.00 in a research note on Tuesday, September 10th. Canaccord Genuity cut their price target on Precision Drilling from C$3.50 to C$2.75 in a report on Friday, August 16th. Citigroup cut Precision Drilling from a “buy” rating to a “neutral” rating and cut their price target for the company from C$2.50 to C$1.90 in a report on Tuesday, October 1st. National Bank Financial cut their price target on Precision Drilling from C$3.50 to C$3.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Finally, CIBC cut their price target on Precision Drilling from C$4.50 to C$3.75 in a report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$3.64.

The firm has a fifty day simple moving average of C$1.44 and a 200 day simple moving average of C$2.06. The company has a current ratio of 1.85, a quick ratio of 1.66 and a debt-to-equity ratio of 101.91. The stock has a market cap of $399.03 million and a price-to-earnings ratio of -2.10.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Thursday, October 24th. The company reported C($0.01) EPS for the quarter, beating the consensus estimate of C($0.05) by C$0.04. The firm had revenue of C$375.55 million during the quarter, compared to analyst estimates of C$381.29 million. On average, equities analysts expect that Precision Drilling Corp will post -0.2 earnings per share for the current year.

In related news, Director Kevin A. Neveu bought 35,000 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was acquired at an average cost of C$1.43 per share, with a total value of C$50,015.00. Following the acquisition, the director now owns 1,055,966 shares in the company, valued at approximately C$1,508,975.41. Over the last three months, insiders bought 47,700 shares of company stock valued at $68,286.

Precision Drilling Company Profile (TSE:PD)

Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

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