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Precision Drilling (TSE:PD) was upgraded by research analysts at Barclays to an “overweight” rating in a report released on Wednesday. The firm currently has a C$17.00 target price on the stock, up from their previous target price of C$15.00. Barclays’ target price would suggest a potential upside of 28.01% from the company’s current price.

Shares of Precision Drilling (TSE:PD) opened at 13.28 on Wednesday. Precision Drilling has a one year low of $8.40 and a one year high of $14.63. The stock’s 50-day moving average is $13.66 and its 200-day moving average is $11.39. The company has a market cap of $3.881 billion and a P/E ratio of 19.09.

Precision Drilling (TSE:PD) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.37 by $0.02. Analysts expect that Precision Drilling will post $0.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, May 26th. Investors of record on Wednesday, May 14th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, May 12th.

PD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Precision Drilling from C$14.00 to C$16.00 in a research note on Thursday, May 1st. They now have a “hold” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Precision Drilling from C$15.00 to C$17.00 in a research note on Tuesday, April 29th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James upgraded shares of Precision Drilling from a “market perform” rating to an “outperform” rating in a research note on Monday, April 28th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Precision Drilling currently has a consensus rating of “Buy” and a consensus target price of C$15.31.

Precision Drilling Corporation (TSE:PD) is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States.

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