Precision Drilling (TSE:PD) Price Target Increased to C$125.00 by Analysts at Stifel Nicolaus

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price raised by Stifel Nicolaus from C$115.00 to C$125.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Piper Sandler Companies reduced their target price on shares of Precision Drilling from C$107.00 to C$100.00 and set an overweight rating on the stock in a research note on Monday, January 8th. Evercore reduced their target price on shares of Precision Drilling from C$142.00 to C$139.00 and set an outperform rating on the stock in a research note on Wednesday, February 7th. Raymond James reduced their target price on shares of Precision Drilling from C$137.00 to C$132.00 and set a strong-buy rating on the stock in a research note on Wednesday, February 7th. CIBC upped their price target on shares of Precision Drilling from C$100.00 to C$110.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets upped their price target on shares of Precision Drilling from C$125.00 to C$130.00 and gave the stock an outperform rating in a research report on Wednesday, February 7th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of C$124.91.

Precision Drilling Trading Down 1.3 %

Shares of Precision Drilling stock opened at C$92.83 on Thursday. The firm has a market capitalization of C$1.34 billion, a PE ratio of 4.75, a price-to-earnings-growth ratio of -3.24 and a beta of 2.92. The company has a debt-to-equity ratio of 62.97, a current ratio of 1.40 and a quick ratio of 1.36. The company’s fifty day moving average price is C$88.91 and its two-hundred day moving average price is C$81.80. Precision Drilling has a 52-week low of C$56.42 and a 52-week high of C$104.90.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its earnings results on Tuesday, February 6th. The company reported C$4.70 EPS for the quarter, beating the consensus estimate of C$2.82 by C$1.88. Precision Drilling had a net margin of 14.93% and a return on equity of 20.61%. The company had revenue of C$506.87 million for the quarter, compared to the consensus estimate of C$476.00 million. On average, analysts expect that Precision Drilling will post 8.6166667 EPS for the current year.

Insider Buying and Selling at Precision Drilling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 1,763 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. In related news, Senior Officer Veronica H. Foley sold 1,763 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total value of C$109,711.49. Also, Director Carey Thomas Ford sold 7,976 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. In the last three months, insiders have sold 21,373 shares of company stock worth $1,329,227. Company insiders own 1.32% of the company’s stock.

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.