Precision Drilling (TSE:PD) Price Target Raised to C$160.00 at ATB Cormark Capital Markets

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective boosted by ATB Cormark Capital Markets from C$135.00 to C$160.00 in a research note published on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

PD has been the topic of a number of other research reports. BMO Capital Markets lifted their target price on Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce upped their price target on Precision Drilling from C$120.00 to C$140.00 in a research report on Friday, February 13th. Royal Bank Of Canada raised their price target on shares of Precision Drilling from C$124.00 to C$140.00 and gave the stock an “outperform” rating in a research note on Monday. TD Securities lifted their price objective on shares of Precision Drilling from C$118.00 to C$123.00 in a report on Thursday, February 12th. Finally, National Bank Financial boosted their price objective on shares of Precision Drilling from C$120.00 to C$140.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$142.29.

Precision Drilling Price Performance

PD stock opened at C$137.36 on Monday. The stock has a 50-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 cap of C$1.78 billion, a PE ratio of 981.14, a price-to-earnings-growth ratio of -3.24 and a beta of 1.09. 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 1 year low of C$51.38 and a 1 year high of C$138.99.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, February 12th. The company reported C($6.50) EPS for the quarter. The firm 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.