Precision Drilling (TSE:PD) Price Target Raised to C$190.00

by · The Markets Daily

Precision Drilling (TSE:PD – Free Report) (NYSE:PDS) had its target price upped by ATB Cormark Capital Markets from C$170.00 to C$190.00 in a report issued on Thursday morning,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Several other analysts also recently weighed in on the stock. Canadian Imperial Bank of Commerce lowered their price target on shares of Precision Drilling from C$160.00 to C$155.00 in a research note on Thursday, July 30th. TD Securities upgraded shares of Precision Drilling from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. TD raised their price objective on Precision Drilling from C$150.00 to C$182.00 and gave the company a “buy” rating in a research note on Thursday. Finally, National Bank Financial raised Precision Drilling from a “hold” rating to an “outperform” rating and raised their price objective for the company from C$150.00 to C$185.00 in a research note on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$165.62.

Read Our Latest Research Report on Precision Drilling

Precision Drilling Trading Down 1.6%

Shares of PD opened at C$148.12 on Thursday. Precision Drilling has a fifty-two week low of C$78.76 and a fifty-two week high of C$157.05. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of -598.30, a PEG ratio of -3.24 and a beta of 0.59. The firm has a 50 day moving average price of C$124.37 and a 200-day moving average price of C$121.83. The company has a debt-to-equity ratio of 43.53, a quick ratio of 1.36 and a current ratio of 1.48.

Precision Drilling (TSE:PD – Get Free Report) (NYSE:PDS) last released its earnings results on Wednesday, October 28th. The company reported C$1.65 EPS for the quarter. Precision Drilling had a negative net margin of 0.26% and a negative return on equity of 0.32%. The company had revenue of C$531.65 million for the quarter.

About Precision Drilling

(Get Free Report)

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.

See Also