Precision Drilling (TSE:PD) Price Target Raised to C$150.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target lifted by Canadian Imperial Bank of Commerce from C$140.00 to C$150.00 in a report released on Tuesday,BayStreet.CA reports.

A number of other brokerages also recently weighed in on PD. Raymond James Financial lifted their target price on shares of Precision Drilling from C$131.00 to C$143.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada increased their price target on Precision Drilling from C$124.00 to C$140.00 and gave the stock an “outperform” rating in a report on Monday. BMO Capital Markets lifted their price objective on Precision Drilling from C$120.00 to C$150.00 in a research report on Thursday, February 12th. ATB Cormark Capital Markets boosted their price objective on Precision Drilling from C$135.00 to C$160.00 and gave the company an “outperform” rating in a research note on Monday. Finally, National Bank Financial upped their target price on Precision Drilling from C$120.00 to C$140.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$143.71.

Precision Drilling Stock Performance

Shares of PD stock opened at C$140.55 on Tuesday. The stock has a market capitalization of C$1.82 billion, a PE ratio of 1,003.93, a PEG ratio of -3.24 and a beta of 1.09. The business’s 50 day simple moving average is C$119.43 and its 200 day simple moving average is C$97.80. 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$143.81.

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

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.