Precision Drilling (TSE:PD) Price Target Raised to C$140.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective boosted by equities research analysts at TD Securities from C$115.00 to C$140.00 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 35.27% from the stock’s previous close.

A number of other brokerages have also recently issued reports on PD. ATB Capital upped their target price on Precision Drilling from C$120.00 to C$123.00 in a research report on Thursday. Stifel Nicolaus boosted their target price on Precision Drilling from C$115.00 to C$125.00 and gave the company a “buy” rating in a report on Thursday, April 18th. BMO Capital Markets increased their price target on Precision Drilling from C$135.00 to C$140.00 and gave the stock an “outperform” rating in a report on Wednesday. CIBC boosted their price objective on shares of Precision Drilling from C$130.00 to C$140.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Raymond James raised their target price on shares of Precision Drilling from C$132.00 to C$136.00 and gave the stock a “strong-buy” rating in a research note on Friday, April 26th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Precision Drilling presently has a consensus rating of “Buy” and a consensus price target of C$131.00.

Precision Drilling Trading Down 2.6 %

Shares of Precision Drilling stock traded down C$2.72 on Thursday, reaching C$103.50. The company had a trading volume of 66,659 shares, compared to its average volume of 83,610. The firm’s 50 day moving average price is C$96.42 and its two-hundred day moving average price is C$91.62. The company has a debt-to-equity ratio of 62.02, a quick ratio of 1.36 and a current ratio of 1.71. Precision Drilling has a 52-week low of C$67.46 and a 52-week high of C$109.20. The firm has a market cap of C$1.50 billion, a PE ratio of 6.28, a PEG ratio of -3.24 and a beta of 2.90.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.