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

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$150.25.

Several equities research analysts have issued reports on PD shares. Canadian Imperial Bank of Commerce lifted their target price on shares of Precision Drilling from C$150.00 to C$160.00 in a research report on Friday, May 1st. Raymond James Financial increased 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 report on Friday, May 1st. Royal Bank Of Canada raised their price objective on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. BMO Capital Markets upped their target price on shares of Precision Drilling from C$160.00 to C$165.00 in a research report on Thursday, April 30th. Finally, National Bank Financial increased their target price on Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a research note on Friday, May 1st.

Precision Drilling Price Performance

Precision Drilling stock opened at C$119.52 on Wednesday. The stock has a market cap of C$1.55 billion, a price-to-earnings ratio of -114.92, a PEG ratio of -3.24 and a beta of 0.42. The company has a quick ratio of 1.36, a current ratio of 1.70 and a debt-to-equity ratio of 45.24. The business has a 50-day simple moving average of C$121.64 and a 200 day simple moving average of C$121.16. Precision Drilling has a 52 week low of C$70.72 and a 52 week high of C$143.81.

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

About Precision Drilling

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.