Precision Drilling (TSE:PD) Upgraded at Atb Cap Markets

Atb Cap Markets upgraded shares of Precision Drilling (TSE:PD) (NYSE:PDS) to a strong-buy rating in a report released on Thursday morning,Zacks.com reports.

Other equities research analysts also recently issued reports about the company. ATB Capital reduced 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. TD Securities upped their price objective on Precision Drilling from C$77.00 to C$80.00 and gave the company a “hold” rating in a research report on Thursday, October 23rd. CIBC lifted their target price on Precision Drilling from C$100.00 to C$110.00 in a research report on Wednesday, October 15th. Raymond James Financial raised their price target on shares of Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Precision Drilling from C$110.00 to C$117.00 and gave the company an “outperform” rating in a report on Friday, October 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Precision Drilling presently has a consensus rating of “Moderate Buy” and a consensus price target of C$102.00.

Precision Drilling Price Performance

PD stock opened at C$84.14 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. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$96.91. The stock has a market cap of C$1.11 billion, a PE ratio of 20.18, a P/E/G ratio of -3.24 and a beta of 1.60. The company has a 50-day moving average price of C$79.45 and a 200 day moving average price of C$70.93.

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.