Brokerages Set Precision Drilling Co. (TSE:PD) PT at C$102.00

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$102.00.

A number of equities research analysts have recently issued reports on PD shares. Royal Bank Of Canada upped their target price on shares of Precision Drilling from C$110.00 to C$117.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. CIBC upped their price objective on Precision Drilling from C$100.00 to C$110.00 in a research note on Wednesday, October 15th. Atb Cap Markets raised Precision Drilling to a “strong-buy” rating in a report on Thursday, October 30th. 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 research report on Thursday, October 23rd. Finally, Raymond James Financial upped their price target on Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a research report on Friday, October 24th.

Precision Drilling Stock Performance

Precision Drilling stock opened at C$87.10 on Wednesday. Precision Drilling has a 52 week low of C$51.38 and a 52 week high of C$96.91. 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 stock has a market cap of C$1.15 billion, a P/E ratio of 20.89, a price-to-earnings-growth ratio of -3.24 and a beta of 1.23. The stock has a 50 day moving average of C$80.79 and a 200-day moving average of C$74.13.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Wednesday, October 22nd. The company reported C($0.51) earnings per share (EPS) for the quarter. Precision Drilling had a net margin of 12.53% and a return on equity of 14.96%. The company had revenue of C$462.25 million during the quarter.

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.