Analysts Set Precision Drilling Co. (TSE:PD) PT at C$143.50

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$144.75.

Several research analysts have commented on the stock. Raymond James Financial lifted 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 lifted 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. ATB Cormark Capital Markets lifted their price target on shares of Precision Drilling from C$135.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Canadian Imperial Bank of Commerce lifted their price target on shares of Precision Drilling from C$140.00 to C$150.00 in a research note on Tuesday, March 24th. Finally, Royal Bank Of Canada lifted their price target on shares of Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Precision Drilling Price Performance

PD stock opened at C$122.33 on Monday. The firm has a 50 day moving average of C$126.04 and a 200-day moving average of C$102.90. The company has a current ratio of 1.62, a quick ratio of 1.36 and a debt-to-equity ratio of 49.96. Precision Drilling has a 12 month low of C$54.73 and a 12 month high of C$143.81. The firm has a market capitalization of C$1.58 billion, a P/E ratio of 873.79, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59.

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

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.