Precision Drilling Co. (TSE:PD) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$98.33.

PD has been the subject of several analyst reports. CIBC lowered their price objective on Precision Drilling from C$115.00 to C$95.00 in a research note on Thursday, April 10th. TD Securities lowered their price target on Precision Drilling from C$89.00 to C$69.00 and set a “hold” rating for the company in a research report on Wednesday, April 16th. BMO Capital Markets cut their price objective on shares of Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. Royal Bank of Canada lowered their target price on shares of Precision Drilling from C$110.00 to C$89.00 and set an “outperform” rating for the company in a report on Thursday, April 17th. Finally, Raymond James lowered shares of Precision Drilling from a “strong-buy” rating to an “outperform” rating and dropped their price target for the company from C$141.00 to C$124.00 in a research report on Wednesday, April 9th.

Precision Drilling Stock Performance

Shares of PD opened at C$59.13 on Wednesday. The stock has a 50-day moving average of C$61.01 and a 200-day moving average of C$75.89. Precision Drilling has a one year low of C$51.38 and a one year high of C$109.20. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The company has a market cap of C$841.43 million, a PE ratio of 3.48, a P/E/G ratio of -3.24 and a beta of 2.76.

Precision Drilling Company Profile

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.