Precision Drilling (TSE:PD) Price Target Increased to C$136.00 by Analysts at Raymond James

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by Raymond James from C$132.00 to C$136.00 in a report released on Friday morning, BayStreet.CA reports. Raymond James currently has a strong-buy rating on the stock. Raymond James also issued estimates for Precision Drilling’s FY2028 earnings at $20.16 EPS.

A number of other equities research analysts have also recently commented on the stock. TD Securities decreased their target price on shares of Precision Drilling from C$125.00 to C$115.00 and set a buy rating for the company in a research report on Wednesday, February 7th. BMO Capital Markets increased their target price on shares of Precision Drilling from C$125.00 to C$130.00 and gave the company an outperform rating in a research report on Wednesday, February 7th. ATB Capital increased their target price on shares of Precision Drilling from C$125.00 to C$126.00 in a research report on Monday, April 8th. Stifel Nicolaus raised their price target on shares of Precision Drilling from C$115.00 to C$125.00 and gave the stock a buy rating in a report on Thursday, April 18th. Finally, Evercore decreased their price target on shares of Precision Drilling from C$142.00 to C$139.00 and set an outperform rating for the company in a report on Wednesday, February 7th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of Buy and an average price target of C$127.09.

Precision Drilling Price Performance

TSE PD opened at C$100.24 on Friday. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40. The firm’s 50 day moving average price is C$90.31 and its 200-day moving average price is C$82.36. Precision Drilling has a 52-week low of C$56.42 and a 52-week high of C$104.90. The company has a market cap of C$1.45 billion, a PE ratio of 5.13, a P/E/G ratio of -3.24 and a beta of 2.92.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its earnings results on Thursday, April 25th. The company reported C$2.53 EPS for the quarter, missing analysts’ consensus estimates of C$2.73 by C($0.20). Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The firm had revenue of C$527.79 million for the quarter, compared to analysts’ expectations of C$539.50 million. Sell-side analysts forecast that Precision Drilling will post 8.6166667 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. In related news, Director Carey Thomas Ford sold 7,976 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. Also, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of C$62.23, for a total transaction of C$109,711.49. Over the last quarter, insiders sold 21,373 shares of company stock valued at $1,329,227. Insiders own 1.32% of the company’s stock.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.