Precision Drilling (NYSE:PDS) Stock Price Up 5.8%

Precision Drilling Co. (NYSE:PDSGet Rating) (TSE:PD) shares rose 5.8% during trading on Tuesday . The company traded as high as $82.00 and last traded at $81.83. Approximately 535 shares traded hands during trading, a decline of 99% from the average daily volume of 99,149 shares. The stock had previously closed at $77.38.

Analyst Ratings Changes

PDS has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on Precision Drilling from C$130.00 to C$140.00 in a report on Thursday, July 28th. TD Securities boosted their price objective on Precision Drilling from C$135.00 to C$145.00 in a report on Friday, October 28th. Stifel Nicolaus boosted their target price on Precision Drilling from C$140.00 to C$165.00 in a research note on Friday, October 28th. StockNews.com upgraded Precision Drilling from a “hold” rating to a “buy” rating in a research note on Sunday, October 30th. Finally, Piper Sandler boosted their target price on Precision Drilling to $128.00 in a research note on Tuesday, November 1st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $126.11.

Precision Drilling Trading Down 0.9 %

The firm has a market cap of $1.10 billion, a PE ratio of -20.02 and a beta of 2.48. The firm has a 50 day moving average of $66.21 and a 200 day moving average of $66.00. The company has a quick ratio of 1.36, a current ratio of 1.45 and a debt-to-equity ratio of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Versor Investments LP bought a new position in Precision Drilling in the first quarter valued at $566,000. Janney Montgomery Scott LLC purchased a new stake in Precision Drilling during the first quarter valued at about $400,000. Toronto Dominion Bank boosted its position in Precision Drilling by 692.3% during the first quarter. Toronto Dominion Bank now owns 43,482 shares of the oil and gas company’s stock valued at $3,229,000 after buying an additional 37,994 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Precision Drilling during the first quarter valued at about $839,000. Finally, Beirne Wealth Consulting Services LLC boosted its position in Precision Drilling by 2.1% during the first quarter. Beirne Wealth Consulting Services LLC now owns 15,877 shares of the oil and gas company’s stock valued at $1,174,000 after buying an additional 324 shares during the period. Institutional investors own 45.59% of the company’s stock.

Precision Drilling Company Profile

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Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates in two segments, Contract Drilling Services; and Completion and Production Services.

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