Precision Drilling Co. (TSE:PD) Receives Consensus Rating of “Buy” from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average rating of “Buy” by the nine research firms that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$126.00.

A number of research firms have commented on PD. ATB Capital decreased their price objective on shares of Precision Drilling from C$123.00 to C$113.00 in a report on Monday, September 23rd. Royal Bank of Canada lifted their price target on shares of Precision Drilling from C$122.00 to C$125.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. BMO Capital Markets dropped their price objective on shares of Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th. CIBC upped their target price on Precision Drilling from C$130.00 to C$140.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Finally, TD Securities dropped their price target on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a research report on Tuesday, October 8th.

Precision Drilling Trading Down 4.0 %

Shares of TSE PD opened at C$86.71 on Wednesday. Precision Drilling has a 52-week low of C$67.46 and a 52-week high of C$109.20. The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 5.41, a PEG ratio of -3.24 and a beta of 2.76. The stock’s 50 day moving average price is C$86.23 and its two-hundred day moving average price is C$92.72.

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.