Brokerages Set Precision Drilling Co. (TSE:PD) Price Target at C$152.25

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$152.25.

PD has been the topic of several research reports. ATB Cormark Capital Markets upped their price target on Precision Drilling from C$165.00 to C$175.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Royal Bank Of Canada upped their price target 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. Canadian Imperial Bank of Commerce upped their price target on Precision Drilling from C$150.00 to C$160.00 in a research report on Friday, May 1st. Raymond James Financial upped their price target on Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, TD upped their price target on Precision Drilling from C$127.00 to C$130.00 and gave the company a “hold” rating in a research report on Friday, May 1st.

Precision Drilling Stock Performance

PD stock opened at C$135.84 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.36 and a debt-to-equity ratio of 45.24. The firm has a market cap of C$1.76 billion, a P/E ratio of -130.62, a P/E/G ratio of -3.24 and a beta of 0.42. Precision Drilling has a 12-month low of C$63.01 and a 12-month high of C$143.81. The stock’s 50 day simple moving average is C$128.68 and its 200 day simple moving average is C$115.14.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. The business had revenue of C$526.05 million for the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.

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.