Precision Drilling Co. (TSE:PD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average recommendation of “Moderate Buy” by the six brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$150.25.

Several analysts have commented on PD shares. ATB Cormark Capital Markets dropped their price objective on Precision Drilling from C$175.00 to C$165.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. Royal Bank Of Canada boosted their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. BMO Capital Markets upped their target price on Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. Canadian Imperial Bank of Commerce increased their target price on Precision Drilling from C$150.00 to C$160.00 in a research report on Friday, May 1st. Finally, Raymond James Financial lifted their price target on shares of 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.

Precision Drilling Trading Down 2.5%

PD stock opened at C$110.68 on Wednesday. The company’s 50-day simple moving average is C$120.76 and its 200-day simple moving average is C$121.35. The company has a quick ratio of 1.36, a current ratio of 1.70 and a debt-to-equity ratio of 45.24. Precision Drilling has a 52-week low of C$71.67 and a 52-week high of C$143.81. The firm has a market cap of C$1.43 billion, a P/E ratio of -106.42, a PEG ratio of -3.24 and a beta of 0.42.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its earnings results on Wednesday, July 29th. The company reported C($0.52) EPS for the quarter. Precision Drilling had a negative net margin of 0.82% and a negative return on equity of 0.94%. The business had revenue of C$452.80 million for 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.