Peel Hunt Reaffirms “Buy” Rating for Capital Drilling (LON:CAPD)

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Peel Hunt reiterated their buy rating on shares of Capital Drilling (LON:CAPD) in a report released on Thursday morning, Digital Look reports. They currently have a GBX 76 ($0.99) price objective on the stock.

Shares of LON CAPD opened at GBX 57 ($0.74) on Thursday. The company has a current ratio of 3.07, a quick ratio of 1.79 and a debt-to-equity ratio of 9.50. Capital Drilling has a 12 month low of GBX 33.50 ($0.44) and a 12 month high of GBX 58.80 ($0.77). The company has a 50 day simple moving average of GBX 52.37 and a two-hundred day simple moving average of GBX 48.94. The stock has a market cap of $77.66 million and a price-to-earnings ratio of 7.70.

The firm also recently disclosed a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, September 5th will be paid a dividend of $0.01 per share. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, September 5th. Capital Drilling’s payout ratio is 0.27%.

Capital Drilling Company Profile

Capital Drilling Limited, together with its subsidiaries, provides exploration and production drilling solutions to customers in the minerals industry. Its exploration drilling services include air core, deep hole diamond, diamond core, directional, reverse circulation, and underground diamond drilling; and grade control drilling services comprise advanced/deep grade control, shallow grade control, reverse circulation, and underground diamond drilling.

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