Precision Drilling (TSE:PD) Given New C$118.00 Price Target at TD Securities

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective increased by TD Securities from C$80.00 to C$118.00 in a research report report published on Monday morning,BayStreet.CA reports.

PD has been the subject of a number of other reports. CIBC lifted their price target on shares of Precision Drilling from C$110.00 to C$120.00 in a research report on Tuesday, January 13th. Royal Bank Of Canada lifted their price objective on Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. ATB Capital set a C$120.00 target price on Precision Drilling and gave the stock an “outperform” rating in a research report on Friday, December 19th. Atb Cap Markets upgraded Precision Drilling to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, Raymond James Financial lifted their price target on 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Precision Drilling presently has an average rating of “Moderate Buy” and a consensus target price of C$116.86.

Precision Drilling Trading Up 2.0%

Shares of PD stock opened at C$107.03 on Monday. The business’s fifty day moving average price is C$95.16 and its 200 day moving average price is C$83.87. The firm has a market capitalization of C$1.41 billion, a PE ratio of 25.67, a P/E/G ratio of -3.24 and a beta of 1.30. 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 1-year low of C$51.38 and a 1-year high of C$107.15.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings data on Wednesday, October 22nd. The company reported C($0.51) 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.

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.