TD Securities Increases Precision Drilling (TSE:PD) Price Target to C$118.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target hoisted by equities research analysts at TD Securities from C$80.00 to C$118.00 in a report issued on Monday,BayStreet.CA reports. TD Securities’ price objective would suggest a potential upside of 10.18% from the company’s previous close.

Several other brokerages have also recently issued reports on PD. CIBC upped their price objective on Precision Drilling from C$110.00 to C$120.00 in a research note on Tuesday, January 13th. ATB Capital set a C$120.00 price target on Precision Drilling and gave the company an “outperform” rating in a research report on Friday, December 19th. Atb Cap Markets upgraded Precision Drilling to a “strong-buy” rating in a research note on Thursday, October 30th. Royal Bank Of Canada lifted their price objective on shares of Precision Drilling from C$110.00 to C$117.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. Finally, National Bankshares increased their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$116.86.

Precision Drilling Trading Up 0.1%

PD opened at C$107.10 on Monday. Precision Drilling has a 12-month low of C$51.38 and a 12-month high of C$108.40. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. The stock has a market capitalization of C$1.41 billion, a PE ratio of 25.68, a P/E/G ratio of -3.24 and a beta of 1.30. The firm’s fifty day moving average price is C$95.66 and its 200 day moving average price is C$84.14.

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

Precision Drilling Company Profile

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.