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

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$107.14.

A number of research firms recently weighed in on PD. Raymond James Financial increased their price objective on shares of Precision Drilling from C$132.00 to C$133.00 and gave the stock an “outperform” rating in a report on Friday, October 24th. TD Securities raised their price target on shares of Precision Drilling from C$77.00 to C$80.00 and gave the company a “hold” rating in a research note on Thursday, October 23rd. ATB Capital set a C$120.00 price target on Precision Drilling and gave the company an “outperform” rating in a report on Friday. Atb Cap Markets raised Precision Drilling to a “strong-buy” rating in a report on Thursday, October 30th. Finally, CIBC lifted their target price on Precision Drilling from C$100.00 to C$110.00 in a research note on Wednesday, October 15th.

Precision Drilling Stock Up 1.0%

Shares of Precision Drilling stock opened at C$96.28 on Friday. The stock has a market capitalization of C$1.27 billion, a price-to-earnings ratio of 23.09, a PEG ratio of -3.24 and a beta of 1.22. Precision Drilling has a twelve month low of C$51.38 and a twelve month high of C$98.78. The company has a current ratio of 1.54, a quick ratio of 1.36 and a debt-to-equity ratio of 51.98. The business’s 50 day simple moving average is C$85.03 and its 200-day simple moving average is C$77.79.

Precision Drilling (TSE:PD) (NYSE:PDS) last issued its quarterly earnings data on Wednesday, October 22nd. The company reported C($0.51) EPS for the quarter. The company had revenue of C$462.25 million for the quarter. Precision Drilling had a return on equity of 14.96% and a net margin of 12.53%.

About Precision Drilling

Precision Drilling Corp is a leader in North American oil and gas services. It is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada. Its segments are Contract Drilling Services which is the majority key revenue generator and other segments include Completion and Production Services.