ATB Capital Raises Precision Drilling (TSE:PD) Price Target to C$133.00

Precision Drilling (TSE:PDGet Rating) (NYSE:PDS) had its target price upped by ATB Capital from C$130.00 to C$133.00 in a research report sent to investors on Friday morning, MarketBeat reports. The firm currently has an outperform rating on the stock.

PD has been the subject of several other research reports. Raymond James increased their price target on shares of Precision Drilling from C$62.50 to C$115.00 and gave the company an outperform rating in a research report on Tuesday, March 29th. Tudor Pickering restated a buy rating on shares of Precision Drilling in a research report on Thursday, February 10th. Evercore ISI increased their price target on shares of Precision Drilling to C$82.00 and gave the company a buy rating in a research report on Friday, January 7th. Tudor Pickering & Holt restated a buy rating on shares of Precision Drilling in a research report on Thursday, February 10th. Finally, TD Securities increased their price target on shares of Precision Drilling from C$75.00 to C$85.00 and gave the company a buy rating in a research report on Friday, February 11th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Buy and an average price target of C$95.27.

TSE PD opened at C$92.52 on Friday. Precision Drilling has a 1 year low of C$30.45 and a 1 year high of C$107.67. The company has a debt-to-equity ratio of 95.12, a current ratio of 1.34 and a quick ratio of 0.93. The firm has a market cap of C$1.26 billion and a price-to-earnings ratio of -6.94. The company has a fifty day moving average price of C$86.39 and a 200-day moving average price of C$63.66.

Precision Drilling (TSE:PDGet Rating) (NYSE:PDS) last posted its earnings results on Thursday, February 10th. The company reported C($2.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($1.60) by C($0.45). The firm had revenue of C$295.20 million for the quarter, compared to analysts’ expectations of C$283.33 million. On average, research analysts anticipate that Precision Drilling will post 2.8800001 EPS for the current fiscal year.

In other news, Director Brian James Gibson sold 1,600 shares of the stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of C$73.42, for a total value of C$117,472.00. Following the sale, the director now directly owns 4,475 shares of the company’s stock, valued at C$328,554.50. Also, Senior Officer Veronica H. Foley sold 1,112 shares of the stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of C$68.16, for a total transaction of C$75,793.92. Following the completion of the sale, the insider now directly owns 16,636 shares in the company, valued at C$1,133,909.76. Over the last three months, insiders sold 16,093 shares of company stock worth $1,092,104.

About Precision Drilling (Get Rating)

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 in two segments, Contract Drilling Services; and Completion and Production Services.

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