Precision Drilling (TSE:PD) Price Target Raised to C$140.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price objective upped by Royal Bank Of Canada from C$124.00 to C$140.00 in a research note issued to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other analysts have also issued reports on the company. BMO Capital Markets raised their target price on Precision Drilling from C$120.00 to C$150.00 in a report on Thursday, February 12th. ATB Cormark Capital Markets set a C$120.00 price objective on Precision Drilling and gave the company an “outperform” rating in a research report on Friday, December 19th. Canadian Imperial Bank of Commerce raised their price objective on shares of Precision Drilling from C$120.00 to C$140.00 in a research note on Friday, February 13th. TD Securities boosted their target price on shares of Precision Drilling from C$118.00 to C$123.00 in a research report on Thursday, February 12th. Finally, Raymond James Financial upped their target price on shares of Precision Drilling from C$131.00 to C$143.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$143.71.

Precision Drilling Stock Performance

Shares of PD opened at C$140.91 on Monday. The company has a market capitalization of C$1.82 billion, a PE ratio of 1,006.50, a price-to-earnings-growth ratio of -3.24 and a beta of 1.09. The company has a debt-to-equity ratio of 49.96, a current ratio of 1.62 and a quick ratio of 1.36. Precision Drilling has a one year low of C$51.38 and a one year high of C$142.08. The company’s fifty day moving average price is C$118.69 and its 200 day moving average price is C$97.50.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings results on Thursday, February 12th. The company reported C($6.50) earnings per share (EPS) for the quarter. The business had revenue of C$478.51 million during the quarter. Precision Drilling had a net margin of 0.10% and a return on equity of 0.11%.

Precision Drilling Company Profile

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.