Precision Drilling (TSE:PD) Given New C$150.00 Price Target at Royal Bank Of Canada

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target lifted by Royal Bank Of Canada from C$140.00 to C$150.00 in a research note published on Tuesday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also recently weighed in on the stock. Raymond James Financial upped their price target on shares of Precision Drilling from C$143.00 to C$158.00 in a research note on Monday, March 30th. National Bank Financial upped their price target on shares of Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. BMO Capital Markets upped their price target on shares of Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday, February 12th. TD Securities upped their price target on shares of Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. Finally, TD upped their price target on shares of Precision Drilling from C$123.00 to C$127.00 and gave the stock a “hold” rating in a research note on Monday. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$144.75.

Precision Drilling Stock Performance

TSE:PD opened at C$123.96 on Tuesday. 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 has a fifty-two week low of C$54.73 and a fifty-two week high of C$143.81. The stock has a market cap of C$1.61 billion, a PE ratio of 885.43, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59. The firm’s fifty day simple moving average is C$125.89 and its 200-day simple moving average is C$102.76.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Thursday, February 12th. The company reported C($6.50) earnings per share 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.