Precision Drilling (TSE:PD) Price Target Raised to C$117.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by Royal Bank Of Canada from C$110.00 to C$117.00 in a report released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Raymond James Financial lifted their target price on Precision Drilling from C$119.00 to C$120.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. CIBC lifted their target price on Precision Drilling from C$100.00 to C$110.00 in a report on Wednesday, October 15th. TD Securities lifted their target price on Precision Drilling from C$77.00 to C$80.00 and gave the stock a “hold” rating in a report on Thursday. ATB Capital reduced their target price 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. Finally, National Bankshares reduced their target price 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. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$102.00.

Precision Drilling Stock Performance

PD stock opened at C$83.25 on Friday. The business’s 50-day moving average price is C$78.75 and its two-hundred day moving average price is C$70.11. 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 firm has a market cap of C$1.10 billion, a PE ratio of 19.96, a P/E/G ratio of -3.24 and a beta of 1.60. Precision Drilling has a 1-year low of C$51.38 and a 1-year high of C$96.91.

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.