Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its price target trimmed by ATB Capital from C$123.00 to C$113.00 in a research report sent to investors on Monday, BayStreet.CA reports.
Several other research firms have also issued reports on PD. CIBC increased their price target on shares of Precision Drilling from C$130.00 to C$140.00 and gave the stock an outperform rating in a research report on Wednesday, July 31st. Raymond James lifted their price target on Precision Drilling from C$136.00 to C$143.00 and gave the company a strong-buy rating in a research note on Thursday, August 1st. TD Securities upped their price objective on Precision Drilling from C$115.00 to C$140.00 and gave the stock a buy rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted their target price on Precision Drilling from C$122.00 to C$125.00 and gave the company an outperform rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets increased their target price on shares of Precision Drilling from C$135.00 to C$140.00 and gave the stock an outperform rating in a report on Wednesday, July 31st. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Precision Drilling has a consensus rating of Buy and a consensus target price of C$130.00.
Precision Drilling Stock Down 3.3 %
Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last announced its earnings results on Tuesday, July 30th. The company reported C$1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.85) by C$2.29. Precision Drilling had a net margin of 11.71% and a return on equity of 15.01%. The firm had revenue of C$429.21 million for the quarter, compared to analyst estimates of C$423.50 million. On average, equities analysts anticipate that Precision Drilling will post 12.8202568 earnings per share for the current year.
Insider Activity
In other news, Senior Officer Veronica H. Foley sold 5,335 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of C$99.49, for a total transaction of C$530,779.18. In other Precision Drilling news, Director David Williams sold 3,500 shares of Precision Drilling stock in a transaction dated Monday, August 26th. The stock was sold at an average price of C$100.01, for a total transaction of C$350,035.00. Also, Senior Officer Veronica H. Foley sold 5,335 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of C$99.49, for a total value of C$530,779.18. 2.12% of the stock is currently owned by company insiders.
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.
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