Precision Drilling (TSE:PD) Shares Cross Above 50-Day Moving Average – Here’s What Happened

by · The Markets Daily

Shares of Precision Drilling Co. (TSE:PD – Get Free Report) (NYSE:PDS) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$86.71 and traded as high as C$96.35. Precision Drilling shares last traded at C$95.07, with a volume of 244,276 shares changing hands.

Analysts Set New Price Targets

PD has been the topic of a number of recent analyst reports. ATB Capital raised their price target on shares of Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. TD Securities reduced their price target on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating on the stock in a report on Tuesday, October 8th. BMO Capital Markets dropped their price objective on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Finally, Raymond James cut their price objective on Precision Drilling from C$143.00 to C$142.00 in a research report on Tuesday, October 15th. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$130.50.

View Our Latest Report on Precision Drilling

Precision Drilling Stock Down 0.2 %

The company has a quick ratio of 1.36, a current ratio of 1.51 and a debt-to-equity ratio of 56.37. The company has a market cap of C$1.30 billion, a PE ratio of 5.74, a PEG ratio of -3.24 and a beta of 2.76. The company’s fifty day moving average is C$86.94 and its 200-day moving average is C$90.53.

Precision Drilling Company Profile

(Get Free Report)

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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