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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$148.00.

A number of research firms have weighed in on PD. ATB Cormark Capital Markets decreased their target price on shares of Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. BMO Capital Markets increased their price objective on shares of Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th. National Bank Financial lifted their target price on shares of Precision Drilling from C$140.00 to C$150.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Raymond James Financial boosted their target price on shares of Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce cut their price target on shares of Precision Drilling from C$160.00 to C$155.00 in a research report on Thursday, July 30th.

Precision Drilling Trading Up 1.7%

TSE PD opened at C$117.30 on Friday. The business’s 50-day moving average price is C$115.71 and its two-hundred day moving average price is C$121.90. Precision Drilling has a 12 month low of C$72.87 and a 12 month high of C$143.81. The firm has a market capitalization of C$1.51 billion, a PE ratio of -49.70, a price-to-earnings-growth ratio of -3.24 and a beta of 0.34. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of 43.54.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share for the quarter. Precision Drilling had a negative net margin of 1.71% and a negative return on equity of 2.03%. The company had revenue of C$452.80 million during 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.