Raymond James Financial Issues Positive Forecast for Precision Drilling (TSE:PD) Stock Price

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price hoisted by Raymond James Financial from C$143.00 to C$158.00 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other equities research analysts have also recently issued reports on the company. National Bank Financial upped their price objective on 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 raised their target price on shares of Precision Drilling from C$120.00 to C$150.00 in a research note on Thursday, February 12th. Royal Bank Of Canada lifted their price objective on shares of Precision Drilling from C$124.00 to C$140.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. TD Securities boosted their price objective on shares of Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. Finally, ATB Cormark Capital Markets upped their target price on shares of Precision Drilling from C$135.00 to C$160.00 and gave the company an “outperform” rating in a report on Monday, March 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$145.86.

Precision Drilling Trading Down 2.4%

TSE PD opened at C$136.70 on Monday. Precision Drilling has a 52 week low of C$51.38 and a 52 week high of C$143.81. The company has a debt-to-equity ratio of 49.96, a quick ratio of 1.36 and a current ratio of 1.62. The stock’s 50 day moving average price is C$120.85 and its two-hundred day moving average price is C$98.92. The stock has a market capitalization of C$1.77 billion, a price-to-earnings ratio of 976.43, a PEG ratio of -3.24 and a beta of 1.09.

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

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.