Precision Drilling (TSE:PD) Shares Cross Above 50 Day Moving Average – Time to Sell?

Posted by Matthew Steigler on Jan 10th, 2025

Shares of Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$86.71 and traded as high as C$96.35. Precision Drilling shares last traded at C$95.07, with a volume of 244,276 shares.

Wall Street Analyst Weigh In

PD has been the subject of a number of research analyst reports. ATB Capital raised their price objective on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Raymond James dropped their price target on Precision Drilling from C$143.00 to C$142.00 in a research note on Tuesday, October 15th. TD Securities reduced their price objective 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, BMO Capital Markets lowered their target price on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Precision Drilling has a consensus rating of “Buy” and a consensus price target of C$130.50.

Check Out Our Latest Analysis on PD

Precision Drilling Trading Down 0.2 %

The company has a 50-day moving average price of C$86.94 and a two-hundred day moving average price of C$90.53. The stock has a market cap of C$1.30 billion, a P/E ratio of 5.74, a P/E/G ratio of -3.24 and a beta of 2.76. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37.

About Precision Drilling

(Get Free Report)

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.