Analysts’ Weekly Ratings Changes for Precision Drilling (PD)

by · The Cerbat Gem

Several brokerages have updated their recommendations and price targets on shares of Precision Drilling (TSE: PD) in the last few weeks:

  • 2/14/2025 – Precision Drilling had its price target lowered by analysts at TD Securities from C$100.00 to C$89.00. They now have a “hold” rating on the stock.
  • 2/14/2025 – Precision Drilling had its price target lowered by analysts at CIBC from C$125.00 to C$115.00.
  • 2/14/2025 – Precision Drilling had its price target lowered by analysts at Royal Bank of Canada from C$121.00 to C$110.00.
  • 2/14/2025 – Precision Drilling had its price target lowered by analysts at Raymond James from C$146.00 to C$141.00.
  • 2/3/2025 – Precision Drilling was downgraded by analysts at TD Securities from a “buy” rating to a “hold” rating. They now have a C$100.00 price target on the stock, down previously from C$120.00.

Precision Drilling Trading Down 6.9 %

Shares of PD stock traded down C$4.98 during trading hours on Monday, hitting C$66.77. The company had a trading volume of 220,212 shares, compared to its average volume of 123,437. The stock has a market capitalization of C$950.14 million, a PE ratio of 3.93, a price-to-earnings-growth ratio of -3.24 and a beta of 2.76. The company has a debt-to-equity ratio of 51.98, a current ratio of 1.54 and a quick ratio of 1.36. Precision Drilling Co. has a fifty-two week low of C$66.23 and a fifty-two week high of C$109.20. The company’s fifty day moving average is C$85.16 and its 200 day moving average is C$87.31.

Insiders Place Their Bets

In other news, Senior Officer Veronica H. Foley sold 3,393 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total transaction of C$263,499.70. Also, Director Carey Thomas Ford sold 5,108 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of C$77.66, for a total value of C$396,686.26. Insiders own 2.12% of the company’s stock.

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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