Precision Drilling Co. (TSE:PD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Precision Drilling Co. (TSE:PD) (NYSE:PDS) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$150.25.

PD has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their target price on Precision Drilling from C$160.00 to C$165.00 in a report on Thursday, April 30th. Royal Bank Of Canada lifted their price objective on shares of Precision Drilling from C$140.00 to C$150.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. National Bank Financial upped their price objective on shares of Precision Drilling from C$140.00 to C$150.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Raymond James Financial increased their price objective on shares of Precision Drilling from C$162.00 to C$165.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Precision Drilling from C$150.00 to C$160.00 in a report on Friday, May 1st.

Precision Drilling Trading Up 2.9%

Precision Drilling stock opened at C$119.35 on Wednesday. The stock has a 50-day simple moving average of C$122.18 and a 200 day simple moving average of C$120.72. The stock has a market capitalization of C$1.54 billion, a P/E ratio of -114.76, a PEG ratio of -3.24 and a beta of 0.42. The company has a debt-to-equity ratio of 45.24, a quick ratio of 1.36 and a current ratio of 1.70. Precision Drilling has a 52 week low of C$67.49 and a 52 week high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last released its quarterly earnings data on Thursday, April 30th. The company reported C$1.34 earnings per share (EPS) for the quarter. Precision Drilling had a negative return on equity of 0.94% and a negative net margin of 0.82%.The firm had revenue of C$526.05 million for the quarter.

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.