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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$152.25.

A number of analysts have issued reports on the stock. ATB Cormark Capital Markets lifted their target price on shares of Precision Drilling from C$165.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. TD upped their price objective on shares of Precision Drilling from C$127.00 to C$130.00 and gave the stock a “hold” rating in a report on Friday, May 1st. BMO Capital Markets increased their target price on shares of Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th. Canadian Imperial Bank of Commerce raised their target price on Precision Drilling from C$150.00 to C$160.00 in a report on Friday, May 1st. Finally, National Bank Financial boosted their price target on Precision Drilling from C$140.00 to C$150.00 and gave the stock a “sector perform” rating in a research report on Friday, May 1st.

Precision Drilling Stock Performance

TSE:PD opened at C$108.92 on Friday. The stock has a market cap of C$1.41 billion, a PE ratio of -104.73, a price-to-earnings-growth ratio of -3.24 and a beta of 0.42. The company has a debt-to-equity ratio of 45.24, a current ratio of 1.70 and a quick ratio of 1.36. The stock’s 50-day moving average is C$125.88 and its two-hundred day moving average is C$118.88. Precision Drilling has a fifty-two week low of C$65.28 and a fifty-two week high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its quarterly 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 business had revenue of C$526.05 million for 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.