Precision Drilling (TSE:PD) Price Target Raised to C$165.00 at BMO Capital Markets

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective upped by BMO Capital Markets from C$160.00 to C$165.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the company. TD raised their price objective on Precision Drilling from C$123.00 to C$127.00 and gave the stock a “hold” rating in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce raised their price objective on Precision Drilling from C$140.00 to C$150.00 in a research note on Tuesday, March 24th. Royal Bank Of Canada raised their price objective on Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. TD Securities raised their price objective on Precision Drilling from C$118.00 to C$123.00 in a research note on Thursday, February 12th. Finally, Raymond James Financial increased their target price on Precision Drilling from C$143.00 to C$158.00 in a report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Precision Drilling currently has a consensus rating of “Moderate Buy” and a consensus price target of C$146.63.

Precision Drilling Stock Performance

PD opened at C$126.70 on Thursday. The firm has a market cap of C$1.64 billion, a PE ratio of 905.00, a P/E/G ratio of -3.24 and a beta of 0.59. The company has a quick ratio of 1.36, a current ratio of 1.62 and a debt-to-equity ratio of 49.96. The business has a fifty day simple moving average of C$127.45 and a 200-day simple moving average of C$106.26. Precision Drilling has a fifty-two week low of C$54.73 and a fifty-two week high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data on Thursday, April 30th. The company reported C$1.34 earnings per share for the quarter. The business had revenue of C$526.05 million during the quarter. Precision Drilling had a return on equity of 0.11% and a net margin of 0.10%.

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.