Precision Drilling (TSE:PD) Given New C$141.00 Price Target at Raymond James

Precision Drilling (TSE:PD) (NYSE:PDS) had its target price reduced by Raymond James from C$146.00 to C$141.00 in a research report report published on Friday morning,BayStreet.CA reports.

A number of other analysts have also weighed in on the stock. TD Securities lowered shares of Precision Drilling from a “buy” rating to a “hold” rating and cut their target price for the company from C$120.00 to C$100.00 in a research report on Monday, February 3rd. ATB Capital raised their price objective on Precision Drilling from C$109.00 to C$123.00 in a report on Tuesday, December 10th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$119.00.

Precision Drilling Trading Down 2.0 %

PD opened at C$77.47 on Friday. The company has a market cap of C$1.10 billion, a P/E ratio of 4.56, a PEG ratio of -3.24 and a beta of 2.76. 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 company’s 50 day moving average is C$86.94 and its 200-day moving average is C$89.07. Precision Drilling has a 1-year low of C$76.50 and a 1-year high of C$109.20.

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.