Stifel Nicolaus Increases Precision Drilling (TSE:PD) Price Target to C$135.00

Precision Drilling (TSE:PDGet Free Report) (NYSE:PDS) had its price target increased by stock analysts at Stifel Nicolaus from C$130.00 to C$135.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 41.11% from the company’s previous close.

A number of other brokerages have also commented on PD. Royal Bank of Canada raised their target price on shares of Precision Drilling from C$100.00 to C$118.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. CIBC raised their price objective on Precision Drilling from C$95.00 to C$110.00 and gave the stock an “outperform” rating in a report on Monday, July 31st. Atlantic Securities lowered their target price on Precision Drilling from C$143.00 to C$140.00 in a report on Wednesday, July 5th. BMO Capital Markets raised their price target on Precision Drilling from C$100.00 to C$110.00 in a research note on Friday, July 28th. Finally, Raymond James lowered their price target on shares of Precision Drilling from C$135.00 to C$110.00 and set a “strong-buy” rating for the company in a research report on Friday, June 2nd. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to, the stock currently has an average rating of “Buy” and an average target price of C$117.64.

Read Our Latest Stock Analysis on PD

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at C$95.67 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.49 and a debt-to-equity ratio of 76.57. The stock’s fifty day moving average is C$82.59 and its two-hundred day moving average is C$72.25. Precision Drilling has a 52 week low of C$56.42 and a 52 week high of C$116.60. The company has a market capitalization of C$1.30 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of -3.24 and a beta of 3.21.

Precision Drilling (TSE:PDGet Free Report) (NYSE:PDS) last posted its quarterly earnings results on Thursday, July 27th. The company reported C$1.63 EPS for the quarter, topping analysts’ consensus estimates of C$1.31 by C$0.32. Precision Drilling had a net margin of 8.15% and a return on equity of 12.41%. The firm had revenue of C$425.62 million for the quarter, compared to analysts’ expectations of C$404.07 million. As a group, analysts expect that Precision Drilling will post 15.7986348 earnings per share for the current year.

About Precision Drilling

(Get Free Report)

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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Analyst Recommendations for Precision Drilling (TSE:PD)

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