Precision Drilling (TSE:PD) PT Set at C$120.00 by ATB Capital

Precision Drilling (TSE:PD) (NYSE:PDS) has been given a C$120.00 price target by research analysts at ATB Capital in a research report issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Capital’s target price would suggest a potential upside of 24.64% from the company’s previous close.

PD has been the topic of a number of other reports. TD Securities boosted their price target on shares of Precision Drilling from C$77.00 to C$80.00 and gave the stock a “hold” rating in a research report on Thursday, October 23rd. CIBC raised their price objective on shares of Precision Drilling from C$100.00 to C$110.00 in a research note on Wednesday, October 15th. Raymond James Financial boosted their target price on Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Atb Cap Markets upgraded Precision Drilling to a “strong-buy” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada increased their price target on Precision Drilling from C$110.00 to C$117.00 and gave the company an “outperform” rating in a research note on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Precision Drilling currently has a consensus rating of “Moderate Buy” and an average price target of C$107.14.

Precision Drilling Trading Up 1.0%

Shares of PD stock opened at C$96.28 on Friday. The company has a debt-to-equity ratio of 51.98, a quick ratio of 1.36 and a current ratio of 1.54. Precision Drilling has a 1 year low of C$51.38 and a 1 year high of C$98.78. The stock has a fifty day moving average of C$85.03 and a two-hundred day moving average of C$77.79. The firm has a market capitalization of C$1.27 billion, a PE ratio of 23.09, a price-to-earnings-growth ratio of -3.24 and a beta of 1.22.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. Precision Drilling had a net margin of 12.53% and a return on equity of 14.96%. The business had revenue of C$462.25 million for the quarter.

About Precision Drilling

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.