Precision Drilling (TSE:PD) Given a C$115.00 Price Target by Raymond James Analysts

Raymond James set a C$115.00 price target on Precision Drilling (TSE:PDGet Rating) (NYSE:PDS) in a report released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on PD. National Bankshares upped their price target on shares of Precision Drilling from C$80.00 to C$120.00 in a research note on Monday, April 25th. Royal Bank of Canada upped their price target on shares of Precision Drilling from C$135.00 to C$147.00 and gave the stock an outperform rating in a research note on Friday. BMO Capital Markets upped their price target on shares of Precision Drilling from C$75.00 to C$105.00 in a research note on Monday, March 14th. Tudor Pickering & Holt reaffirmed a buy rating on shares of Precision Drilling in a research note on Thursday, February 10th. Finally, ATB Capital upped their price target on shares of Precision Drilling from C$130.00 to C$133.00 and gave the stock an outperform rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of C$95.27.

Shares of PD opened at C$92.52 on Friday. The company has a debt-to-equity ratio of 95.12, a quick ratio of 0.93 and a current ratio of 1.34. The stock has a market capitalization of C$1.26 billion and a P/E ratio of -6.94. The company’s fifty day moving average is C$86.39 and its two-hundred day moving average is C$63.66. Precision Drilling has a 1 year low of C$30.45 and a 1 year high of C$107.67.

Precision Drilling (TSE:PDGet Rating) (NYSE:PDS) last announced its quarterly earnings data on Thursday, February 10th. The company reported C($2.05) earnings per share (EPS) for the quarter, missing the consensus estimate of C($1.60) by C($0.45). The business had revenue of C$295.20 million for the quarter, compared to the consensus estimate of C$283.33 million. Sell-side analysts predict that Precision Drilling will post 2.8800001 EPS for the current year.

In other news, Senior Officer Veronica H. Foley sold 3,407 shares of the stock in a transaction dated Thursday, February 24th. The shares were sold at an average price of C$65.40, for a total transaction of C$222,801.45. Following the transaction, the insider now directly owns 10,948 shares in the company, valued at approximately C$715,946.65. Also, Director Brian James Gibson sold 1,600 shares of the stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of C$73.42, for a total transaction of C$117,472.00. Following the transaction, the director now owns 4,475 shares in the company, valued at C$328,554.50. Over the last 90 days, 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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