Precision Drilling (TSE:PD) Rating Lowered to “Hold” at TD Securities

TD Securities lowered shares of Precision Drilling (TSE:PD) (NYSE:PDS) from a buy rating to a hold rating in a research note published on Monday, Marketbeat.com reports. The brokerage currently has C$100.00 price target on the stock, down from their prior price target of C$120.00.

Several other research analysts have also recently commented on the stock. Raymond James reduced their target price on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. ATB Capital increased their price objective on shares of Precision Drilling from C$109.00 to C$123.00 in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Precision Drilling has a consensus rating of “Buy” and an average price target of C$128.00.

Precision Drilling Trading Down 0.5 %

TSE PD opened at C$83.00 on Monday. Precision Drilling has a 52 week low of C$78.62 and a 52 week high of C$109.20. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The stock’s 50 day moving average price is C$87.92 and its two-hundred day moving average price is C$90.05. The stock has a market capitalization of C$1.17 billion, a price-to-earnings ratio of 5.18, a PEG ratio of -3.24 and a beta of 2.76.

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.