AltaCorp Capital restated their outperform rating on shares of Precision Drilling (NYSE:PDS) (TSE:PD) in a research note released on Thursday, Zacks.com reports.

A number of other research analysts have also recently issued reports on PDS. Jefferies Financial Group cut shares of Precision Drilling from a buy rating to a hold rating and decreased their price objective for the company from $3.00 to $2.60 in a report on Friday, March 15th. Scotiabank restated a sell rating on shares of Precision Drilling in a report on Tuesday, March 19th. CIBC restated a buy rating on shares of Precision Drilling in a report on Tuesday, March 19th. National Bank Financial restated a buy rating on shares of Precision Drilling in a report on Tuesday, March 19th. Finally, Raymond James restated a buy rating on shares of Precision Drilling in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company. Precision Drilling currently has a consensus rating of Buy and an average target price of $3.92.

Shares of NYSE:PDS opened at $1.90 on Thursday. The company has a market cap of $558.18 million, a PE ratio of -7.31 and a beta of 2.35. The company has a quick ratio of 1.99, a current ratio of 2.11 and a debt-to-equity ratio of 1.08. Precision Drilling has a one year low of $1.62 and a one year high of $4.12.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new stake in shares of Precision Drilling in the first quarter worth $36,000. Millennium Management LLC bought a new stake in shares of Precision Drilling in the fourth quarter worth $40,000. Evergreen Capital Management LLC bought a new stake in shares of Precision Drilling in the first quarter worth $54,000. Creative Planning bought a new stake in shares of Precision Drilling in the first quarter worth $65,000. Finally, Virtu Financial LLC bought a new stake in shares of Precision Drilling in the first quarter worth $141,000. Hedge funds and other institutional investors own 43.37% of the company’s stock.

About Precision Drilling

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 (NYSE:PDS)

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