Precision Drilling (TSE:PD) Price Target Raised to C$175.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target upped by Raymond James Financial from C$170.00 to C$175.00 in a report published on Thursday,BayStreet reports. The firm currently has an outperform rating on the stock.

A number of other equities analysts have also weighed in on PD. Canadian Imperial Bank of Commerce decreased their price objective on shares of Precision Drilling from C$160.00 to C$155.00 in a report on Thursday, July 30th. TD raised their target price on Precision Drilling from C$150.00 to C$182.00 and gave the stock a “buy” rating in a research report on Thursday. ATB Cormark Capital Markets boosted their price target on Precision Drilling from C$170.00 to C$190.00 and gave the company an “outperform” rating in a research note on Thursday. National Bank Financial raised shares of Precision Drilling from a “hold” rating to an “outperform” rating and upped their price target for the company from C$150.00 to C$185.00 in a research report on Monday, October 26th. Finally, TD Securities raised shares of Precision Drilling from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$165.62.

Precision Drilling Stock Down 1.6%

PD stock opened at C$148.12 on Thursday. Precision Drilling has a twelve month low of C$78.76 and a twelve month high of C$157.05. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 43.53. The firm has a market cap of C$1.86 billion, a PE ratio of -598.30, a price-to-earnings-growth ratio of -3.24 and a beta of 0.59. The business has a 50 day moving average of C$124.37 and a 200 day moving average of C$121.83.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its quarterly earnings data on Wednesday, October 28th. The company reported C$1.65 earnings per share (EPS) for the quarter. Precision Drilling had a negative return on equity of 0.32% and a negative net margin of 0.26%. The business had revenue of C$531.65 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.