Precision Drilling Co. (PD.TO) (TSE:PD) Stock Rating Upgraded by Raymond James

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Precision Drilling Co. (PD.TO) (TSE:PD) (NYSE:PDS) was upgraded by Raymond James from a “market perform” rating to a “strong-buy” rating in a research note issued on Tuesday, BayStreet.CA reports.

Other equities research analysts have also recently issued research reports about the company. ATB Capital upgraded Precision Drilling Co. (PD.TO) from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$1.00 to C$1.25 in a report on Thursday, October 8th. Tudor Pickering & Holt restated a “hold” rating on shares of Precision Drilling Co. (PD.TO) in a report on Tuesday, January 5th. TD Securities upped their price target on Precision Drilling Co. (PD.TO) from C$1.50 to C$1.60 and gave the stock a “buy” rating in a report on Friday, October 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upped their price target on Precision Drilling Co. (PD.TO) from C$1.10 to C$1.20 in a report on Wednesday, October 28th. Finally, Tudor Pickering restated a “hold” rating on shares of Precision Drilling Co. (PD.TO) in a report on Wednesday, January 6th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of C$1.16.

TSE PD opened at C$30.67 on Tuesday. The company has a current ratio of 2.36, a quick ratio of 2.18 and a debt-to-equity ratio of 97.38. The business’s 50 day moving average is C$24.80 and its two-hundred day moving average is C$8.27. Precision Drilling Co. has a 12-month low of C$0.03 and a 12-month high of C$40.80. The stock has a market capitalization of C$420.18 million and a price-to-earnings ratio of -4.97.

Precision Drilling Co. (PD.TO) (TSE:PD) (NYSE:PDS) last released its quarterly earnings results on Thursday, October 22nd. The company reported C($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.20) by C$0.10. The firm had revenue of C$164.82 million during the quarter, compared to analyst estimates of C$167.62 million. Equities analysts forecast that Precision Drilling Co. will post -11.6699287 earnings per share for the current fiscal year.

Precision Drilling Co. (PD.TO) Company Profile

Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products. The company operates in two segments, Contract Drilling Services, and Completion and Production Services. The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.

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Analyst Recommendations for Precision Drilling Co. (PD.TO) (TSE:PD)

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