Precision Drilling (TSE:PD) Given New C$127.00 Price Target at TD

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective upped by TD from C$123.00 to C$127.00 in a report issued on Monday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts also recently issued reports on the company. National Bank Financial boosted their price objective on Precision Drilling from C$120.00 to C$140.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. ATB Cormark Capital Markets boosted their price objective on Precision Drilling from C$135.00 to C$160.00 and gave the company an “outperform” rating in a research note on Monday, March 23rd. Raymond James Financial boosted their price objective on Precision Drilling from C$143.00 to C$158.00 in a research note on Monday, March 30th. TD Securities boosted their price objective on Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Precision Drilling from C$140.00 to C$150.00 in a research note on Tuesday, March 24th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$143.50.

Precision Drilling Trading Up 0.2%

Precision Drilling stock opened at C$128.04 on Monday. The business has a 50-day simple moving average of C$125.65 and a two-hundred day simple moving average of C$102.47. The company has a market cap of C$1.66 billion, a P/E ratio of 914.57, a P/E/G ratio of -3.24 and a beta of 0.59. Precision Drilling has a 52-week low of C$54.73 and a 52-week high of C$143.81. The company has a quick ratio of 1.36, a current ratio of 1.62 and a debt-to-equity ratio of 49.96.

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

About Precision Drilling

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.