Precision Drilling Co. (PD.TO) – What Are Analysts Saying About This Stock?

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$165.62.

Several research firms have weighed in on PD. TD raised their target price on Precision Drilling from C$150.00 to C$182.00 and gave the company a “buy” rating in a report on Thursday, October 29th. ATB Cormark Capital Markets upped their price target on Precision Drilling from C$170.00 to C$190.00 and gave the stock an “outperform” rating in a research note on Thursday, October 29th. TD Securities upgraded Precision Drilling from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Freedom Broker lowered Precision Drilling from a “strong-buy” rating to a “hold” rating in a report on Friday, October 30th. Finally, Canadian Imperial Bank of Commerce cut their price objective on Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday, July 30th.

Precision Drilling Stock Down 0.8%

Precision Drilling stock opened at C$126.58 on Friday. The company has a market capitalization of C$1.59 billion, a P/E ratio of -511.30, a P/E/G ratio of -3.24 and a beta of 0.52. The firm’s fifty day simple moving average is C$125.13 and its 200-day simple moving average is C$122.39. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 43.53. Precision Drilling has a 1-year low of C$78.76 and a 1-year high of C$157.05.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$1.65 earnings per share (EPS) for the quarter. The firm had revenue of C$531.65 million during the quarter. Precision Drilling had a negative net margin of 0.26% and a negative return on equity of 0.32%.

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.