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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has earned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$152.25.

A number of research firms have weighed in on PD. National Bank Financial lifted their price objective on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Canadian Imperial Bank of Commerce increased their target price on shares of Precision Drilling from C$150.00 to C$160.00 in a research note on Friday, May 1st. Raymond James Financial lifted their price target on Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. TD Securities upped their price target on Precision Drilling from C$118.00 to C$123.00 in a report on Thursday, February 12th. Finally, BMO Capital Markets increased their price target on Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th.

Precision Drilling Trading Down 1.7%

Precision Drilling stock opened at C$122.92 on Friday. 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 has a 12 month low of C$55.64 and a 12 month high of C$143.81. The stock’s 50 day simple moving average is C$127.80 and its two-hundred day simple moving average is C$107.73. The firm has a market cap of C$1.59 billion, a PE ratio of -118.19, a P/E/G ratio of -3.24 and a beta of 0.74.

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