Precision Drilling Co. (TSE:PD) Receives C$125.70 Consensus PT from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have received an average rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$125.70.

PD has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Precision Drilling from C$130.00 to C$135.00 in a research report on Wednesday, July 3rd. ATB Capital cut their price target on Precision Drilling from C$126.00 to C$120.00 and set an “outperform” rating on the stock in a research note on Friday, June 28th. CIBC raised their price target on Precision Drilling from C$110.00 to C$130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Raymond James raised their price target on Precision Drilling from C$132.00 to C$136.00 and gave the company a “strong-buy” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus raised their price target on Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a research note on Thursday, April 18th.

Precision Drilling Stock Down 2.7 %

TSE:PD opened at C$98.45 on Thursday. Precision Drilling has a twelve month low of C$67.46 and a twelve month high of C$107.00. The company has a market cap of C$1.43 billion, a price-to-earnings ratio of 5.94, a price-to-earnings-growth ratio of -3.24 and a beta of 2.90. The stock has a fifty day simple moving average of C$96.16 and a 200-day simple moving average of C$91.16. The company has a current ratio of 1.71, a quick ratio of 1.36 and a debt-to-equity ratio of 62.02.

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.