Analysts Set Precision Drilling Co. (TSE:PD) Price Target at C$126.00

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has earned a consensus rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$126.00.

A number of brokerages have weighed in on PD. BMO Capital Markets decreased their price target on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. ATB Capital decreased their target price on Precision Drilling from C$123.00 to C$113.00 in a research note on Monday, September 23rd. TD Securities dropped their price target on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research note on Tuesday, October 8th. Finally, Raymond James reduced their price objective on shares of Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th.

Precision Drilling Trading Up 1.1 %

PD opened at C$88.74 on Wednesday. Precision Drilling has a twelve month low of C$67.46 and a twelve month high of C$109.20. The company has a fifty day moving average of C$86.24 and a 200-day moving average of C$92.49. The stock has a market cap of C$1.25 billion, a PE ratio of 5.54, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.