Precision Drilling Receives Average Recommendation of “Buy” from Brokerages (TSE:PD)
Precision Drilling (TSE:PD) has been given an average recommendation of “Buy” by the eleven analysts that are currently covering the company, Analyst Ratings.Net reports. One research analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$16.14.
Precision Drilling (TSE:PD) traded up 0.53% on Thursday, hitting $13.34. The stock had a trading volume of 69,667 shares. Precision Drilling has a 1-year low of $9.20 and a 1-year high of $15.65. The stock has a 50-day moving average of $13.73 and a 200-day moving average of $13.64. The company has a market cap of $3.904 billion and a P/E ratio of 19.97.
Precision Drilling (TSE:PD) last posted its quarterly earnings results 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. Analysts expect that Precision Drilling will post $0.83 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Precision Drilling from C$16.50 to C$17.00 in a research note on Wednesday, August 27th. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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.
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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