BMO Capital Markets Issues Positive Forecast for Precision Drilling (TSE:PD) Stock Price

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price boosted by BMO Capital Markets from C$120.00 to C$150.00 in a research note published on Thursday morning,BayStreet.CA reports.

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

Precision Drilling Stock Down 7.7%

TSE PD opened at C$113.10 on Thursday. Precision Drilling has a 1 year low of C$51.38 and a 1 year high of C$122.65. The stock has a market capitalization of C$1.46 billion, a PE ratio of 27.12, a PEG ratio of -3.24 and a beta of 1.43. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The business’s 50-day moving average is C$102.42 and its 200 day moving average is C$87.61.

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

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.