Precision Drilling Co. (TSE:PD) Receives C$130.50 Consensus PT from Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$130.50.

Several analysts recently issued reports on PD shares. TD Securities cut their price objective on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Raymond James dropped their target price on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. BMO Capital Markets reduced their price target on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Finally, ATB Capital increased their price objective on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th.

Precision Drilling Stock Up 1.6 %

PD stock opened at C$95.92 on Thursday. The company has a 50 day moving average of C$88.32 and a two-hundred day moving average of C$90.68. The company has a market cap of C$1.35 billion, a price-to-earnings ratio of 5.99, a PEG ratio of -3.24 and a beta of 2.76. Precision Drilling has a 12-month low of C$74.21 and a 12-month high of C$109.20. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37.

About Precision Drilling

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.