Precision Drilling (TSE:PD) Given New C$143.00 Price Target at Raymond James Financial

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price raised by research analysts at Raymond James Financial from C$131.00 to C$143.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s price objective would suggest a potential upside of 20.95% from the stock’s current price.

A number of other analysts also recently weighed in on PD. Canadian Imperial Bank of Commerce upped their target price on Precision Drilling from C$110.00 to C$120.00 in a research report on Tuesday, January 13th. ATB Capital set a C$120.00 target price on shares of Precision Drilling and gave the company an “outperform” rating in a report on Friday, December 19th. CIBC World Markets upped their price target on shares of Precision Drilling from C$120.00 to C$140.00 in a report on Friday. National Bank Financial lifted their price objective on shares of Precision Drilling from C$120.00 to C$140.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, TD Securities boosted their price objective on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$132.50.

Precision Drilling Stock Performance

TSE PD traded up C$5.13 during trading on Friday, reaching C$118.23. The company’s stock had a trading volume of 125,442 shares, compared to its average volume of 88,602. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The firm has a market capitalization of C$1.53 billion, a price-to-earnings ratio of 28.35, a price-to-earnings-growth ratio of -3.24 and a beta of 1.43. Precision Drilling has a 12 month low of C$51.38 and a 12 month high of C$122.65. The firm has a 50 day moving average price of C$102.42 and a 200 day moving average price of C$87.61.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its 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 return on equity of 14.96% and a net margin of 12.53%.

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.