Raymond James Financial Increases Precision Drilling (TSE:PD) Price Target to C$120.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price hoisted by stock analysts at Raymond James Financial from C$119.00 to C$120.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 60.43% from the stock’s previous close. Raymond James Financial also issued estimates for Precision Drilling’s FY2026 earnings at $12.04 EPS.

Other research analysts also recently issued reports about the company. CIBC lowered their price target on Precision Drilling from C$115.00 to C$95.00 in a report on Thursday, April 10th. National Bankshares lowered their price target on Precision Drilling from C$110.00 to C$100.00 and set a “sector perform” rating on the stock in a report on Thursday, July 3rd. TD Securities lowered their price target on Precision Drilling from C$89.00 to C$69.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets lowered their price target on Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. Finally, ATB Capital lowered their price target on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating on the stock in a report on Wednesday, July 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Precision Drilling has an average rating of “Moderate Buy” and an average price target of C$95.14.

Precision Drilling Trading Down 4.1%

Precision Drilling stock opened at C$74.80 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The business’s fifty day simple moving average is C$67.60 and its two-hundred day simple moving average is C$68.51. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$102.66. The company has a market capitalization of C$1.06 billion, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76.

About Precision Drilling

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.