Precision Drilling (TSE:PD) Price Target Raised to C$133.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by Raymond James Financial from C$132.00 to C$133.00 in a research note released on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently weighed in on PD. Royal Bank Of Canada upped their target price on Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a research note on Friday. National Bankshares dropped their target price on Precision Drilling from C$110.00 to C$100.00 and set a “sector perform” rating for the company in a research report on Thursday, July 3rd. ATB Capital dropped their target price on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating for the company in a research report on Wednesday, July 2nd. TD Securities increased their target price on Precision Drilling from C$77.00 to C$80.00 and gave the company a “hold” rating in a research report on Thursday. Finally, CIBC increased their target price on Precision Drilling from C$100.00 to C$110.00 in a research report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Precision Drilling currently has a consensus rating of “Moderate Buy” and a consensus target price of C$102.00.

Precision Drilling Stock Up 1.2%

TSE PD opened at C$83.25 on Friday. The business has a fifty day moving average price of C$78.75 and a two-hundred day moving average price of C$70.11. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling has a fifty-two week low of C$51.38 and a fifty-two week high of C$96.91. The stock has a market capitalization of C$1.10 billion, a PE ratio of 19.96, a PEG ratio of -3.24 and a beta of 1.60.

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.