Precision Drilling Co. (TSE:PD) Given Average Recommendation of “Moderate Buy” by Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$152.25.

A number of brokerages recently weighed in on PD. ATB Cormark Capital Markets raised their target price on shares of Precision Drilling from C$165.00 to C$175.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. BMO Capital Markets raised their target price on shares of Precision Drilling from C$160.00 to C$165.00 in a research note on Thursday, April 30th. Royal Bank Of Canada raised their target price on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Raymond James Financial lifted their price target on shares of Precision Drilling from C$162.00 to C$165.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Precision Drilling from C$150.00 to C$160.00 in a research note on Friday, May 1st.

Precision Drilling Trading Up 3.6%

Shares of PD opened at C$127.58 on Tuesday. The firm’s 50 day simple moving average is C$129.29 and its 200 day simple moving average is C$113.33. The company has a market capitalization of C$1.65 billion, a P/E ratio of -122.67, a P/E/G ratio of -3.24 and a beta of 0.74. The company has a debt-to-equity ratio of 45.24, a current ratio of 1.70 and a quick ratio of 1.36. Precision Drilling has a 1-year low of C$59.60 and a 1-year high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last announced its earnings results on Thursday, April 30th. The company reported C$1.34 earnings per share for the quarter. The business had revenue of C$526.05 million for the quarter. Precision Drilling had a negative net margin of 0.82% and a negative return on equity of 0.94%.

Precision Drilling Company Profile

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha¿ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen¿ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations.