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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average rating of “Buy” by the nine brokerages that are presently covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$127.11.

PD has been the topic of several recent analyst reports. TD Securities decreased their target price on shares of Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. ATB Capital increased their target price on Precision Drilling from C$109.00 to C$123.00 in a research report on Tuesday, December 10th. Raymond James cut their price target on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. Finally, BMO Capital Markets cut their price objective on Precision Drilling from C$140.00 to C$130.00 in a research note on Friday, October 4th.

Precision Drilling Price Performance

Precision Drilling stock opened at C$81.50 on Friday. The company has a current ratio of 1.51, a quick ratio of 1.36 and a debt-to-equity ratio of 56.37. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 5.09, a PEG ratio of -3.24 and a beta of 2.76. The stock’s 50 day moving average is C$85.75 and its 200-day moving average is C$91.22. Precision Drilling has a 12 month low of C$68.92 and a 12 month high of C$109.20.

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.