Precision Drilling (TSE:PD) Price Target Raised to C$140.00 at National Bank Financial

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target lifted by analysts at National Bank Financial from C$120.00 to C$140.00 in a research report issued on Friday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 18.41% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. BMO Capital Markets increased their price target on shares of Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday. ATB Capital set a C$120.00 price objective on Precision Drilling and gave the company an “outperform” rating in a research note on Friday, December 19th. TD Securities lifted their target price on Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. Finally, CIBC World Markets upped their price target on Precision Drilling from C$120.00 to C$140.00 in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$132.50.

Precision Drilling Stock Up 4.5%

Shares of PD stock traded up C$5.13 on Friday, hitting C$118.23. The stock had a trading volume of 125,442 shares, compared to its average volume of 88,602. The stock’s 50 day moving average is C$102.42 and its 200-day moving average is C$87.61. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of -3.24 and a beta of 1.43. Precision Drilling has a 52-week low of C$51.38 and a 52-week high of C$122.65.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings results on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. Precision Drilling had a return on equity of 14.96% and a net margin of 12.53%.The business had revenue of C$462.25 million during the quarter.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.