Precision Drilling Co. (TSE:PD) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$93.00.

Several research analysts have recently commented on the company. TD Securities reduced their target price on Precision Drilling from C$89.00 to C$69.00 and set a “hold” rating on the stock in a report on Wednesday, April 16th. ATB Capital reduced their target price on Precision Drilling from C$87.00 to C$84.00 and set an “outperform” rating on the stock in a report on Wednesday, July 2nd. BMO Capital Markets reduced their price objective on Precision Drilling from C$100.00 to C$90.00 in a report on Thursday, April 17th. Royal Bank Of Canada reduced their price objective on Precision Drilling from C$110.00 to C$89.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th. Finally, Raymond James Financial downgraded Precision Drilling from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from C$141.00 to C$124.00 in a report on Wednesday, April 9th.

Precision Drilling Trading Down 1.7%

Shares of PD opened at C$68.16 on Thursday. Precision Drilling has a 12-month low of C$51.38 and a 12-month high of C$109.20. The firm has a market capitalization of C$969.92 million, a price-to-earnings ratio of 4.01, a P/E/G ratio of -3.24 and a beta of 2.76. The stock’s 50-day moving average price is C$63.85 and its 200 day moving average price is C$70.18. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98.

About Precision Drilling

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.