Precision Drilling Co. (TSE:PD) Given Consensus Rating of “Buy” by Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average rating of “Buy” by the eight brokerages that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$130.50.

A number of analysts recently weighed in on PD shares. TD Securities decreased their price target on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research report on Tuesday, October 8th. ATB Capital upped their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Raymond James dropped their target price on Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Finally, BMO Capital Markets reduced their price target on Precision Drilling from C$140.00 to C$130.00 in a research report on Friday, October 4th.

Precision Drilling Price Performance

PD opened at C$94.19 on Thursday. The company has a 50 day moving average of C$87.92 and a two-hundred day moving average of C$90.60. Precision Drilling has a 52-week low of C$71.15 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 company has a market cap of C$1.33 billion, a P/E ratio of 5.88, a P/E/G ratio of -3.24 and a beta of 2.76.

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.