Precision Drilling Co. (TSE:PD) Stock Has Consensus Target Price of C$148.00

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$148.00.

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

Precision Drilling Price Performance

Shares of Precision Drilling stock opened at C$120.02 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.36 and a debt-to-equity ratio of 43.54. The firm has a fifty day simple moving average of C$119.62 and a 200-day simple moving average of C$122.46. The stock has a market capitalization of C$1.51 billion, a price-to-earnings ratio of -50.86, a PEG ratio of -3.24 and a beta of 0.59. Precision Drilling has a 1-year low of C$74.51 and a 1-year high of C$143.81.

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

Precision Drilling Company Profile

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.