Precision Drilling (TSE:PD) Price Target Raised to C$123.00

Precision Drilling (TSE:PD) (NYSE:PDS) had its price target raised by ATB Capital from C$109.00 to C$123.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other research firms have also recently weighed in on PD. Raymond James cut their price objective on shares of Precision Drilling from C$143.00 to C$142.00 in a report on Tuesday, October 15th. TD Securities cut their target price on Precision Drilling from C$140.00 to C$120.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Finally, BMO Capital Markets lowered their price target on Precision Drilling from C$140.00 to C$130.00 in a report on Friday, October 4th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Precision Drilling presently has an average rating of “Buy” and a consensus price target of C$127.11.

Precision Drilling Stock Performance

Shares of Precision Drilling stock opened at C$87.42 on Tuesday. Precision Drilling has a one year low of C$67.46 and a one year high of C$109.20. The company has a 50-day simple moving average of C$86.17 and a two-hundred day simple moving average of C$91.82. The company has a debt-to-equity ratio of 56.37, a quick ratio of 1.36 and a current ratio of 1.51. The company has a market capitalization of C$1.23 billion, a PE ratio of 5.46, a P/E/G ratio of -3.24 and a beta of 2.76.

Precision Drilling Company Profile

Precision Drilling Corporation, a drilling company, provides onshore drilling, completion, and production services to exploration and production companies in the oil and natural gas and geothermal industries in North America and the Middle East. The company operates through Contract Drilling Services and Completion and Production Services segments.