Precision Drilling (TSE:PD) Price Target Raised to C$140.00 at Royal Bank Of Canada

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price upped by Royal Bank Of Canada from C$124.00 to C$140.00 in a research report released on Monday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other equities research analysts also recently issued reports about the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Precision Drilling from C$120.00 to C$140.00 in a research note on Friday, February 13th. Raymond James Financial boosted their target price on shares of Precision Drilling from C$131.00 to C$143.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. ATB Cormark Capital Markets set a C$120.00 price target on shares of Precision Drilling and gave the stock an “outperform” rating in a report on Friday, December 19th. TD Securities increased their price target on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday, February 12th. Finally, BMO Capital Markets lifted their price objective on shares of Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday, February 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$142.29.

Precision Drilling Price Performance

Shares of TSE PD opened at C$137.36 on Monday. The business has a fifty day moving average price of C$117.18 and a two-hundred day moving average price of C$96.76. The stock has a market capitalization of C$1.78 billion, a PE ratio of 981.14, a P/E/G ratio of -3.24 and a beta of 1.09. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.62 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$138.99.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its earnings results on Thursday, February 12th. The company reported C($6.50) earnings per share (EPS) for the quarter. Precision Drilling had a return on equity of 0.11% and a net margin of 0.10%.The company had revenue of C$478.51 million for the quarter.

Precision Drilling Company Profile

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.