TD Securities Issues Positive Forecast for Precision Drilling (TSE:PD) Stock Price

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price hoisted by TD Securities from C$118.00 to C$123.00 in a research report report published on Thursday,BayStreet.CA reports.

Other research analysts have also issued research reports about the company. ATB Capital set a C$120.00 price target on Precision Drilling and gave the stock an “outperform” rating in a research report on Friday, December 19th. National Bank Financial raised their price objective on Precision Drilling from C$100.00 to C$120.00 and gave the company a “sector perform” rating in a research note on Friday, January 9th. Canadian Imperial Bank of Commerce lifted their target price on Precision Drilling from C$110.00 to C$120.00 in a report on Tuesday, January 13th. Raymond James Financial increased their price target on Precision Drilling from C$132.00 to C$133.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Finally, Royal Bank Of Canada raised their price target on Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$126.14.

Precision Drilling Price Performance

Precision Drilling stock opened at C$113.10 on Thursday. Precision Drilling has a 52-week low of C$51.38 and a 52-week high of C$122.65. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The firm’s fifty day moving average is C$102.42 and its 200 day moving average is C$87.61. The company has a market cap of C$1.46 billion, a price-to-earnings ratio of 27.12, a PEG ratio of -3.24 and a beta of 1.43.

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

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.