Precision Drilling Co. (TSE:PD) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$111.43.

PD has been the subject of a number of recent analyst reports. TD Securities increased their price target on shares of Precision Drilling from C$77.00 to C$80.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. Atb Cap Markets upgraded shares of Precision Drilling to a “strong-buy” rating in a research note on Thursday, October 30th. National Bankshares lifted their price target on Precision Drilling from C$100.00 to C$120.00 and gave the stock a “sector perform” rating in a report on Friday, January 9th. Royal Bank Of Canada upped their price objective 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. Finally, Raymond James Financial lifted their target price on Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th.

Precision Drilling Stock Up 0.1%

PD stock opened at C$103.00 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.54 and a debt-to-equity ratio of 51.98. The business has a 50 day moving average price of C$92.85 and a two-hundred day moving average price of C$82.62. The company has a market cap of C$1.36 billion, a price-to-earnings ratio of 24.70, a P/E/G ratio of -3.24 and a beta of 1.30. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$106.19.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data 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 company had revenue of C$462.25 million during 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.