Brokerages Set Precision Drilling Co. (TSE:PD) Target Price at C$119.00

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has earned an average recommendation of “Buy” from the seven analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$119.00.

A number of analysts have recently issued reports on PD shares. Raymond James dropped their price target on shares of Precision Drilling from C$146.00 to C$141.00 in a report on Friday, February 14th. ATB Capital raised their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. TD Securities dropped their price target on shares of Precision Drilling from C$100.00 to C$89.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Royal Bank of Canada dropped their price target on shares of Precision Drilling from C$121.00 to C$110.00 in a report on Friday, February 14th. Finally, CIBC dropped their price target on shares of Precision Drilling from C$125.00 to C$115.00 in a report on Friday, February 14th.

Insider Transactions at Precision Drilling

In other Precision Drilling news, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of C$77.66, for a total transaction of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$396,686.26. Company insiders own 2.12% of the company’s stock.

Precision Drilling Stock Performance

Shares of PD stock opened at C$66.64 on Friday. Precision Drilling has a one year low of C$63.16 and a one year high of C$109.20. The company’s 50-day moving average is C$83.42 and its 200 day moving average is C$86.35. The company has a market capitalization of C$948.29 million, a price-to-earnings ratio of 3.92, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54.

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.