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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings 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 price objective among analysts that have covered the stock in the last year is C$124.00.

PD has been the subject of a number of analyst reports. TD Securities lowered their target price on Precision Drilling from C$125.00 to C$115.00 and set a “buy” rating for the company in a report on Wednesday, February 7th. Raymond James reduced their price target on Precision Drilling from C$137.00 to C$132.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, February 7th. BMO Capital Markets upped their price target on Precision Drilling from C$125.00 to C$130.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Piper Sandler Companies reduced their price target on Precision Drilling from C$107.00 to C$100.00 and set an “overweight” rating on the stock in a research report on Monday, January 8th. Finally, Stifel Nicolaus reduced their price target on Precision Drilling from C$120.00 to C$115.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Precision Drilling Stock Down 2.4 %

Shares of TSE PD opened at C$95.04 on Tuesday. The company has a debt-to-equity ratio of 62.97, a quick ratio of 1.36 and a current ratio of 1.40. The firm has a market capitalization of C$1.38 billion, a price-to-earnings ratio of 4.87, a PEG ratio of -3.24 and a beta of 2.92. The stock has a 50 day moving average price of C$88.35 and a 200 day moving average price of C$81.61. Precision Drilling has a 52-week low of C$56.42 and a 52-week high of C$104.90.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings results on Tuesday, February 6th. The company reported C$4.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.82 by C$1.88. The firm had revenue of C$506.87 million during the quarter, compared to analyst estimates of C$476.00 million. Precision Drilling had a return on equity of 20.61% and a net margin of 14.93%. Sell-side analysts expect that Precision Drilling will post 8.6166667 earnings per share for the current year.

Insider Transactions at Precision Drilling

In other news, Director Carey Thomas Ford sold 7,976 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. In other news, Director Carey Thomas Ford sold 7,976 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$496,346.48. Also, Senior Officer Veronica H. Foley sold 1,763 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of C$62.23, for a total transaction of C$109,711.49. Insiders have sold a total of 21,373 shares of company stock valued at $1,329,227 in the last ninety days. 1.32% of the stock is currently owned by corporate insiders.

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.