Precision Drilling (TSE:PD) Given New C$123.00 Price Target at ATB Capital

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective upped by ATB Capital from C$120.00 to C$123.00 in a research report report published on Thursday, BayStreet.CA reports.

Other equities analysts have also recently issued reports about the stock. Raymond James raised their target price on shares of Precision Drilling from C$132.00 to C$136.00 and gave the company a strong-buy rating in a research note on Friday, April 26th. Stifel Nicolaus raised their target price on shares of Precision Drilling from C$115.00 to C$125.00 and gave the company a buy rating in a research note on Thursday, April 18th. CIBC raised their target price 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, BMO Capital Markets raised their price target on Precision Drilling from C$135.00 to C$140.00 and gave the company an outperform rating in a report on Wednesday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of C$131.00.

Precision Drilling Stock Down 5.2 %

Shares of TSE:PD traded down C$5.43 during midday trading on Thursday, hitting C$98.40. The stock had a trading volume of 17,061 shares, compared to its average volume of 83,459. Precision Drilling has a 12 month low of C$67.46 and a 12 month high of C$109.20. The company has a quick ratio of 1.36, a current ratio of 1.71 and a debt-to-equity ratio of 62.02. The business’s 50-day simple moving average is C$96.59 and its 200-day simple moving average is C$91.70. The company has a market cap of C$1.42 billion, a P/E ratio of 6.30, 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.