Precision Drilling Co. (TSE:PD) Receives C$150.25 Consensus PT from Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$150.25.

Several research analysts have recently issued reports on the stock. ATB Cormark Capital Markets cut their target price on shares of Precision Drilling from C$175.00 to C$165.00 and set an “outperform” rating on the stock in a report on Friday, July 10th. TD lowered their price target on shares of Precision Drilling from C$130.00 to C$124.00 and set a “hold” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada raised 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 report on Tuesday, April 14th. BMO Capital Markets upped their price objective on shares of Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce raised their target price on Precision Drilling from C$150.00 to C$160.00 in a research note on Friday, May 1st.

Precision Drilling Trading Down 0.8%

TSE PD opened at C$119.52 on Wednesday. The firm has a market cap of C$1.55 billion, a PE ratio of -114.92, a price-to-earnings-growth ratio of -3.24 and a beta of 0.42. Precision Drilling has a 1-year low of C$70.72 and a 1-year high of C$143.81. The stock has a 50-day moving average of C$121.64 and a 200-day moving average of C$121.00. The company has a current ratio of 1.70, a quick ratio of 1.36 and a debt-to-equity ratio of 45.24.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.The business had revenue of C$526.05 million for the quarter.

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.