Precision Drilling PT Raised to C$17.00 at Raymond James (PD)
Equities researchers at Raymond James increased their price objective on shares of Precision Drilling (TSE:PD) from C$16.50 to C$17.00 in a research report issued on Wednesday. Raymond James’ target price indicates a potential upside of 24.72% from the stock’s previous close.
PD has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Precision Drilling from C$17.00 to C$18.00 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. Analysts at CIBC raised their price target on shares of Precision Drilling from C$18.00 to C$19.25 in a research note on Friday, July 25th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of C$16.14.
Precision Drilling (TSE:PD) traded up 1.98% on Wednesday, hitting $13.90. 319,641 shares of the company’s stock traded hands. Precision Drilling has a 52 week low of $9.20 and a 52 week high of $15.65. The stock’s 50-day moving average is $13.92 and its 200-day moving average is $13.54. The company has a market cap of $4.068 billion and a P/E ratio of 20.34.
Precision Drilling (TSE:PD) last released its earnings data on Friday, July 25th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.04. On average, analysts predict that Precision Drilling will post $0.82 earnings per share for the current fiscal year.
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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