Precision Drilling Co. (TSE:PD) Stock Has Average Target Price of C$148.00 According to Brokerages

Precision Drilling Co. (TSE:PD) (NYSE:PDS) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$148.00.

A number of research analysts have recently commented on the company. ATB Cormark Capital Markets dropped their price target on Precision Drilling from C$165.00 to C$160.00 and set an “outperform” rating for the company in a research note on Thursday, July 30th. TD reduced their price objective on Precision Drilling from C$124.00 to C$116.00 and set a “hold” rating on the stock in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on Precision Drilling from C$160.00 to C$155.00 in a research report on Thursday, July 30th.

Precision Drilling Price Performance

Shares of TSE:PD opened at C$120.02 on Monday. The company has a market cap of C$1.51 billion, a price-to-earnings ratio of -50.86, a PEG ratio of -3.24 and a beta of 0.59. The company has a debt-to-equity ratio of 43.54, a current ratio of 1.46 and a quick ratio of 1.36. The firm has a 50 day simple moving average of C$119.62 and a 200 day simple moving average of C$122.35. Precision Drilling has a one year low of C$74.51 and a one year high of C$143.81.

Precision Drilling (TSE:PD) (NYSE:PDS) last posted its earnings results on Wednesday, July 29th. The company reported C($0.52) earnings per share for the quarter. The company had revenue of C$452.80 million for the quarter. Precision Drilling had a negative return on equity of 2.03% and a negative net margin of 1.71%.

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.