Precision Drilling Co. (TSE:PD) Receives C$148.00 Consensus Target Price from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$148.00.

PD has been the subject of a number of recent analyst reports. TD decreased their target price on Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating for the company in a report on Thursday, July 30th. National Bank Financial boosted 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 research report on Friday, May 1st. BMO Capital Markets upped their price objective on shares of Precision Drilling from C$160.00 to C$165.00 in a report on Thursday, April 30th. ATB Cormark Capital Markets dropped their target price on shares of Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce dropped their target price on shares of Precision Drilling from C$160.00 to C$155.00 in a research report on Thursday, July 30th.

Precision Drilling Trading Up 0.9%

PD opened at C$122.89 on Friday. The business has a 50 day simple moving average of C$114.81 and a two-hundred day simple moving average of C$122.41. The firm has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -52.07, a PEG ratio of -3.24 and a beta of 0.34. The company has a debt-to-equity ratio of 43.54, a current ratio of 1.46 and a quick ratio of 1.36. Precision Drilling has a one year low of C$73.82 and a one year high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($0.52) earnings per share for the quarter. The business had revenue of C$452.80 million during the quarter. Precision Drilling had a negative return on equity of 2.03% and a negative net margin of 1.71%.

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.